:
๐ Pattern Explanation (Marked 1 โ 2 โ 3):
1. Accumulation Phase:
Price consolidates and forms a rounded bottom.
Often marked by low volume and range-bound movement.
Smart money quietly accumulates.
2. Breakout/Expansion Phase:
Price explodes upward out of the accumulation range.
High volume, aggressive uptrend.
Retail and trend-followers enter.
3. Distribution & Correction:
Market tops out; volatility increases.
A correction follows โ often steep.
Price returns to more reasonable levels, leading into a new cycle.
๐ What the Chart Implies for ETH:
Ethereum has completed two major cycles and is currently in the middle of its third cycle.
The current pattern suggests we are likely in or near the end of the accumulation phase (marked as 1).
If the pattern repeats, Ethereum could soon enter a major breakout rally phase (red box on the far right).
๐ฎ Market Sentiment Outlook:
โ Historical cycle consistency
โ ๏ธ Still within the accumulation range
๐ Potential for next expansion if the pattern holds
#NEWTBinanceHODLer #NEWTBinanceHODLer #MarketPullback #ScalpingStrategy #XSuperApp
