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Ivan Liljeqvist: Ethereum consolidates for 5 years despite negative sentiment
Ivan Liljeqvist expresses skepticism regarding widespread pessimism around Ethereum, highlighting recent exits by bankless advocates and researchers.
He points out that while the price has been consolidating for the last 5 years and remains in a bear trend, a significant upward move is possible if a bull trend emerges.
Liljeqvist has previously commented on Bitcoin’s weakness, citing a rejection at the 200-day moving average and an ongoing weekly bear trend. He has also observed notable gains in other assets, pointing to SNDK’s 75 percent rise in 20 days during a daily bull trend. His recent comments on Ethereum follow this pattern of tracking cycles in digital asset markets.
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