Analyst Says 4-Year Cycle Ended In Dec 2024, But Ethereum Remains Insanely Bullish

The Ethereum price had hit a new all-time high above $4,900, but had quickly retraced as a result of heavy ￰0￱ has since turned sentiment around the cryptocurrency toward the negative. However, not everyone is on the bandwagon as crypto analyst JACKIS believes that the digital asset is still ￰1￱ fact, the analyst explains that the Ethereum price is bullish for years to come, despite saying that one of the major bull market indicators has come to an ￰2￱ Of An Era: Forget The Crypto 4-Year Cycle The crypto 4-year cycle remains the most prominent of all cycles, having served as a pointer toward each of the previous bull ￰3￱ cycle coincides with the Bitcoin halving, which occurs roughly every four years, and precedes each bull market by a ￰4￱ means the year after each Bitcoin halving has often seen the start of a market-wide bull run.

However, this time around, the market seems to be deviating, especially as digital assets such as Ethereum have not followed Bitcoin straight to new all-time ￰5￱ is something that crypto analyst Jackis alludes to in their post, telling investors to forget about the 4-year ￰6￱ to the analyst, for Ethereum specifically, the 4-year cycle had ended back in December ￰7￱ coincides with the year in which Spot Bitcoin and Ethereum ETFs were approved, leading to what many believe is a premature high for Bitcoin, although Ethereum did not enjoy the same ￰8￱ this, the analyst believes that investors must evolve with the fact that there is no longer a 4-year cycle for ￰9￱ this does not mean that Ethereum is no longer ￰10￱ the opposite, in fact, as the analyst says Ethereum is bullish for years to ￰11￱ Price Set For New Highs With the current state of the market, the analyst points out that the recent rejection from all-time highs has led to a 6th touch of the outlined trendline.

However, this is no cause for alarm because historically, there has been an MTF shakeout before an HTF ￰12￱ the present case, it is possible for more sell-offs to take the Ethereum price below $4,000 ￰13￱ would be a pre-bull market shakeout, leading bears into a possible trap with beliefs that the cycle top is ￰14￱ as the analyst explains, the ETH price could rally from here toward highs above $7,000 . “If the price wants to immediately continue, then it needs to accept above 21 ATHs straight from here,” Jackis said.