๐จ $ETH just bounced from a 4-year trendline.
This is the fourth touch of the same ascending support that's been holding since 2022โand every previous touch marked a major bottom.
The key resistance remains around $4,900, the level that rejected price in both 2021 and 2025.
If this multi-year rectangle breaks to the upside, the measured move points toward $8,000.
Most people see a boring chart. I see years of accumulation building pressure.
The bigger the base, the stronger the breakout. Time will tell who's right.
This is the fourth touch of the same ascending support that's been holding since 2022โand every previous touch marked a major bottom.
The key resistance remains around $4,900, the level that rejected price in both 2021 and 2025.
If this multi-year rectangle breaks to the upside, the measured move points toward $8,000.
Most people see a boring chart. I see years of accumulation building pressure.
The bigger the base, the stronger the breakout. Time will tell who's right.