Technical Analysis & Industry Trend ｜ $ETH, $MERL, $BLAST, $BLUR and more - October 22nd

This is ETH/USDT, the monthly chart.

I am paying attention to the thick pink long-term bull trend line now because for the previous ETH bull run, the monthly candle bar transitional signal on this bull trend line was the starting point for two months super bull run.

The below is my long-term analysis.

ETH can make the bull breakout against the thick purple long-term bear trend line.

FYI: If the candle bar makes bull breakout against the thick purple bear trend line, the price can hit around 1.0 based on Fibonacci Retracement (the price level is around $4,863) as I marked in the green circle.

For more detail:
https://orblabs.ventures/103519/

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