As someone curious about when #Ethereum will break free from its stagnation, I took a look at the weekly chart.
🍀 It’s performing well within a rising triangle pattern. One of its initial targets, the $4000 level, serves as a significant resistance. However, once this level is broken, a substantial rally could begin. 🚀
🍀 Of course, for this move to happen, the market needs to shift funds from BTC to altcoins. For that, we need to see a drop in $BTC dominance. Once money flows into altcoins, I believe the first stop will naturally be major coins like $ETH . In this case, breaking above the triangle could trigger a strong upward move.
I’ll continue to monitor this triangle for long-term potential movements.