🚀 $ETH just flipped the switch — crossing $3,400 for the first time in 5 months, and traders are buzzing. Why? The breakout follows a powerful inverse head & shoulders pattern — historically a strong bullish signal. 👀📈
Since April, ETH/BTC is up 50%, and big money seems to be accumulating quietly. Add institutional flows + technicals = serious upside potential.
🧠 Analysts like @CryptoPatel and @VirtualBacon call this setup “mega bullish.” Patel even sees a path to $6K short-term, $10K long-term. But it won’t be a straight line — a quick dip to ~$2,800 could shake out weak hands before the real rally. ⚠️
👉 Weekly RSI on ETH/BTC is at 23 — lowest since Sept 2019. Last time that happened? Ethereum kicked off a monster run.
📊 Mid-term target? $4,500 looks realistic. Long-term? If ETH keeps outperforming BTC and whales stay hungry… this might be the calm before the storm. 🌪️
Are we on the edge of an Ethereum renaissance?