$ETH IS STILL WAITING FOR ITS BIGGEST BULLISH SIGNAL.
2017: ISM broke above 56, and then ETH rallied from $10 to $1,400.
2020 to 2021: ISM broke above 56, and then ETH rallied from $88 to $4,800.
Today, ISM came in at 54.5, slightly below the 54.8 forecast and 54.6 previous.
So the setup is still alive, but 56 remains the key level that triggered the parabolic phase in the last 2 cycles.
ETH is currently around $2,695, sitting on the Monthly MA 50.
If ISM continues moving higher toward 60 in the coming months, we could see another massive ETH and altcoin cycle in 2027 to 2028.
2017: ISM broke above 56, and then ETH rallied from $10 to $1,400.
2020 to 2021: ISM broke above 56, and then ETH rallied from $88 to $4,800.
Today, ISM came in at 54.5, slightly below the 54.8 forecast and 54.6 previous.
So the setup is still alive, but 56 remains the key level that triggered the parabolic phase in the last 2 cycles.
ETH is currently around $2,695, sitting on the Monthly MA 50.
If ISM continues moving higher toward 60 in the coming months, we could see another massive ETH and altcoin cycle in 2027 to 2028.
