ETH long term analysis (speculative)

Supports are highlighted on the price scale. In the intermediate term, I'm bearish and I think ETH will bottom at $80 before making higher prices. But to play devils advocate, I charted out a theoretical Bull count if BTC rallies. This chart is largely influenced and highly dependent on the performance of BTC. However, sentiment shifts regarding the upcoming hard fork and the potentiality of ETH 2.0 have not been factored in, but are worth consideration. These markets are still fairly premature and can be easily manipulated based on buyer's emotions. So take it with a grain of salt because I am a day trader and don't do a ton of long term charting, but this is my opinion and my speculation on the potential path of Ethereum in the intermediate term.

It's also important to note that I hold a significant stake in Ethereum and hold the belief that it holds significant long term potential. My optimism is largely based on it's network and the potential it has in terms of large scale adoption and applicability. In my opinion, aside from TA and price, ETH has the best ROI potential in the long term based entirely on it's utility in various global markets, once it's scalable of course. That being said, this space is saturated with projects that all hold enormous potential and I'm eagerly anticipating what new innovations and projects that can be thought up in this space since the sky is the limit for opportunity in Crypto/Blockchain.