The Ethereum price had hit a new all-time high above $4,900, but had quickly retraced as a result of heavy selling. This 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 bullish . In 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 end.
End 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 markets. This cycle coincides with the Bitcoin halving, which occurs roughly every four years, and precedes each bull market by a year. This