We are looking at #ETH 1W

I believe that after Bitcoin updated its historical maximum, many people became interested in what the minimum growth potential of Ethereum could be. I will share my opinion on this matter.

At the moment, Ethereum has not yet updated its maximum from November 8, 2021 ($4869).

We are now inside the ascending channel, and, in my opinion, the Ethereum rate will test the upper boundary of this channel again. I assume that the growth of altcoins will last at least all winter. If the growth ends by the end of winter, then we will probably reach at least a level of about $6,200 - this is the level expected when testing the channel boundary without breaking through it.

As for the minimum growth potential, in my opinion, the probability of reaching the previous historical maximum is 98%.