ETH - Same Pattern. Same Timeline. Same Outcome?

Ethereum is showing something extremely interesting… and extremely familiar.

When we compare the previous corrective cycle to the current one, both have unfolded almost identically, not just in structure, but also in duration, each measuring around 124 days.

🌊Both cycles followed a clean 1-to-9 wave sequence inside a falling channel before ETH broke out aggressively. And right now, ETH is completing the same exact structure, approaching wave 9 once again.

🔄If history rhymes, and it often does in crypto, ETH may be preparing for a major impulsive phase, similar to what happened after the previous 124-day correction.

From the lower bound of the channel, we will be looking for trend-following longs, anticipating a potential bullish reversal that mirrors the last breakout.

Cycles don’t repeat perfectly…
But they rhyme more often than people think. 📈✨

⚠️ For now, the trend remains bearish, however, ETH would invalidate the entire bearish structure if the upper trendline breaks upward aggressively, signaling that bulls have fully taken over.

Do you believe ETH is about to repeat its previous breakout? Share your view below! 👇🔥

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr