View: Ethereum is currently located on the weekly logarithmic regression channel midline, further retracement is still needed to kickstart the bull run

BlockBeats News, February 9th, Into The Cryptoverse founder and CEO Benjamin Cowen combined the Ethereum weekly logarithmic regression channel to make an assessment, predicting that ETH will continue to pull back this year before starting the next bull run.

According to the screenshot, Ethereum is currently positioned at the midline of the weekly logarithmic regression channel, and the real bull market rally will only begin after the price sweeps below the lower bound (currently at $1500).