Ethereum Approaches Breakout as Accumulation Nears Completion

Ethereum is in a prolonged accumulation phase, suggesting a potential pivotal market transition. The ETH/BTC pair is defending long-term cycle support, indicating underlying strength and a possible decisive move.

Key Insights from Ethereum's Inverted Monthly Chart

  • The inverted chart reflects a familiar cyclical pattern with evolving characteristics.
  • Volatility is compressing, leading to more controlled price behavior.
  • Current accumulation is longer than previous cycles, suggesting a shallow corrective phase.
  • Initial resistance expected between $3,800 and $4,500; successful support flip could target $6,000 to $7,500.
  • Risk of deeper retest toward $1,800 to $2,200 remains before broader upside continuation.

Ethereum

ETH/BTC as a Market Indicator

  • ETH/BTC chart is crucial for monitoring, defending the 2018 cycle support.
  • Price action shows higher lows with tightening below key resistance levels, hinting at a larger move.
  • No panic or structural damage evident; sellers unable to force a breakdown.
  • Holding relative value signals early capital rotation stages.
  • Sustained stability on the ETH/BTC pair often precedes Ethereum's lead once momentum returns.

Ethereum