Viewpoint: Ethereum is currently at the midline of the weekly logarithmic regression channel and still needs further correction before a bull market can start.
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BlockBeats news, on February 9, Into The Cryptoverse founder and CEO Benjamin Cowen, based on Ethereum's weekly logarithmic regression channel, predicted that ETH will continue to retrace further this year before the next bull market can begin.
According to the screenshot, Ethereum is currently located at the midline of the weekly logarithmic regression channel, and the real bull market will only start after the price sweeps the lower band (currently at $1,500).
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