Considering the ongoing cycle is still in the bull phase, confidence in Ethereum about an impending significant rally to unprecedented levels has emerged within the community. ETH may have faced heightened volatility over the past few weeks, but crypto analysts contend that the altcoin’s next major upswing might be on the horizon.

A Historic Comeback Toward Present All-Time High Imminent

Titan of Crypto, a technical expert and trader, delved into Ethereum’s price performance in the ongoing cycle, suggesting a move to historical levels. In the analysis, Titan of Crypto claims ETH may be on the verge of reclaiming its current all-time high of $4,800.

The expert’s perspective is based on past trends, particularly the 2021 market cycle in which ETH achieved its present price peak. His prediction points to a similar trend when periods of consolidation preceded notable price spikes in 2021.

Growing negative sentiment about ETH’s price performance among investors is the major reason for Titan of Crypto’s bullish analysis. While many complain about ETH’s lackluster performance in the ongoing cycle, the analyst highlighted that the altcoin is ahead of the 2021 market cycle.

As of December 2020, the expert noted that Ethereum was still 90% below its previous all-time high. Meanwhile, the altcoin is just 44% below its current all-time high this month, implying a potentially improved bull cycle than the last

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Author: Godspower Owie