Sometimes the best thing we can do is stop looking at the last few candles and zoom out.
When I compared the current Ethereum structure with previous cycles, one thing really caught my attention.
Back in 2020, ETH spent months building a base before finally breaking above a major descending resistance. Most people were still bearish at that time, but once the structure changed, the expansion was explosive.
Fast forward to today...
We have another long consolidation, another major resistance, and now price is testing an important higher timeframe support after what looks like a possible false breakdown.
I'm not saying history has to repeat exactly.
But markets often move because people react the same way every cycle.
What I'm watching here:
For me, this isn't about predicting the future.
It's about preparing for both possibilities while the market is sitting at an important decision point.
Sometimes the biggest opportunities appear when sentiment is the weakest.
Let's see if Ethereum is writing another chapter... or just creating a different story this time.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always do your own research and manage your risk before investing.
— TraderRahulPal
SCA Registered Financial Influencer (Dubai, UAE)
When I compared the current Ethereum structure with previous cycles, one thing really caught my attention.
Back in 2020, ETH spent months building a base before finally breaking above a major descending resistance. Most people were still bearish at that time, but once the structure changed, the expansion was explosive.
Fast forward to today...
We have another long consolidation, another major resistance, and now price is testing an important higher timeframe support after what looks like a possible false breakdown.
I'm not saying history has to repeat exactly.
But markets often move because people react the same way every cycle.
What I'm watching here:
- Ethereum is testing a major historical support zone after losing momentum near resistance.
- The current move could simply be a liquidity sweep, not necessarily the start of another major downtrend.
- If buyers reclaim this structure, the chart opens room for another higher-timeframe expansion, similar to what happened after previous consolidations.
- If support fails completely, then this comparison becomes invalid and I'll simply wait for the next clean setup.
For me, this isn't about predicting the future.
It's about preparing for both possibilities while the market is sitting at an important decision point.
Sometimes the biggest opportunities appear when sentiment is the weakest.
Let's see if Ethereum is writing another chapter... or just creating a different story this time.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always do your own research and manage your risk before investing.
— TraderRahulPal
SCA Registered Financial Influencer (Dubai, UAE)
Learn PROFITABLE STRATEGIES THAT WORK IN EVERY MARKET
WhatsApp to get started
Contact me: wa.me/919560602464
Join Free Telegram: tinyurl.com/5n7xsehh
SCA Registered Analyst→Dubai
WhatsApp to get started
Contact me: wa.me/919560602464
Join Free Telegram: tinyurl.com/5n7xsehh
SCA Registered Analyst→Dubai
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Learn PROFITABLE STRATEGIES THAT WORK IN EVERY MARKET
WhatsApp to get started
Contact me: wa.me/919560602464
Join Free Telegram: tinyurl.com/5n7xsehh
SCA Registered Analyst→Dubai
WhatsApp to get started
Contact me: wa.me/919560602464
Join Free Telegram: tinyurl.com/5n7xsehh
SCA Registered Analyst→Dubai
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.