This powerful chart comparison between Bitcoinās historic 2020 run and Ethereumās current setup is screaming bullish momentum! On the left, we see how BTC broke out of a long-term descending trendline after a pandemic-induced re-accumulation phase ā triggering a monster rally from ~$9.5K to over $65K.
Now, look at
$ETH : itās printing the same pattern ā a long accumulation zone, a re-accumulation phase during the trade war, and multiple rejections at a descending trendline. But guess what? ETH is now right at the breakout point.
š If history rhymes, ETH could enter a parabolic phase, potentially targeting $20,000+ long-term as momentum builds and macro conditions ease. The setup is nearly identical ā and we all know what came after for BTC.
š¼ Trading Strategy (
$ETH ):
Entry Zone: $3,500ā$3,800 (on breakout confirmation with strong volume)Stop Loss: Below $3,150 (beneath re-accumulation zone)Target 1: $5,000Target 2: $8,000HODL Moon Target: $20,000 š
š§ With ETF buzz, decreasing
$ETH on exchanges, and strong on-chain metrics, Ethereum may be on the cusp of repeating BTCās legendary 2020 breakout.
ā³ Don't fade the setup ā this could be the biggest trade of the cycle.
#ETHBreakout #EthereumTo20K #cryptochartcraft #altcoinseason