$ETH (1M) - History doesn't repeat, but it often rhymes

After the cycle bottom in 2022, ETH rallied into bear market resistance, got pushed back down, and later broke through, just like in the previous cycle.

📌 In both cycles, after breaking resistance, ETH retested market structure, while the RSI retested the downtrend at the same time.
📌 Key difference this cycle? ETH has now retested this market structure a second time (double bottom) = bullish.
📌 RSI fell below 50 and retested the downtrend. In past cycles, dropping below 50 started the bear market, but never to retest a trendline.
📌 RSI has not been in overbought territory yet this cycle.

If this pattern plays out, the only way is up from here. 🚀
#ETH #Crypto
#ETH #ETH #Crypto