ETH - Most Hated Rally Incoming
In crypto, the coins that underperform usually see something know as a "most hated rally".
Eth is about to enter this phases...
We saw the same thing with Solana in 2023 when it was creating a triangle pattern between $15-20 and then had a massive run to the upside once it broke out of the pattern.
Here we are seeing something very similar in the charts. ETH has been creating a massive ascending triangle and we are on the verge of a breakout.
Also, we have seen a fakeout outside of the pattern both to the upside and downside. This is usually a signal of deviation which leads to liquidity for the move to continue.
Eth is about to enter this phases...
We saw the same thing with Solana in 2023 when it was creating a triangle pattern between $15-20 and then had a massive run to the upside once it broke out of the pattern.
Here we are seeing something very similar in the charts. ETH has been creating a massive ascending triangle and we are on the verge of a breakout.
Also, we have seen a fakeout outside of the pattern both to the upside and downside. This is usually a signal of deviation which leads to liquidity for the move to continue.
Penafian
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