Ethereum Logarithmic Weekly Regression shows targets of $2271, $3124, and $4375. Based on prior support, $3124 seems likely.
What about Bitcoin you ask? Well, the Weekly Regression indicator doesn’t quite work but fitting it to a 4D chart reveals a potential price target of $61,734.
The chart below shows how the bands look when applied to the Weekly chart, they act more like support rather than bands. Could the 4D chart be the key?
Features of the Logarithmic Function:
-Increases to the right without bound, showing projected growth
-Very rapid growth, followed by slower growth. In the beginning, the rate of increase is much higher than the rate of increase at the end.