Ethereum’s 6-Year Bullish Pennant Is Entering Its Final Phase - Breakout Loading? 🚀
Ethereum is approaching one of the most important technical moments in its history, and almost nobody is talking about it.
According to Merlijn The Trader,
$ETH has spent six years forming a massive bullish pennant - the longest consolidation pattern the asset has ever printed. While retail chased faster altcoin pumps, ETH quietly built a structure only smart money pays attention to.
Six Years of Compression → One Moment of Expansion
Merlijn’s chart outlines a textbook pennant:
Lower highs pressing into a long-term descending resistance
Higher lows forming a rising structural base
A recent fake-out breakdown - the kind that typically flushes out weak hands before a major trend accelerates
This “final shakeout,” as he calls it, may be the last moment before compression unwinds. His projected move sends
$ETH toward the $7,000 – $8,000 zone once price clears the upper boundary with conviction.
Why It Matters
Multi-year pennants are extremely rare in crypto. They often signal prolonged institutional accumulation, not retail trading noise.
The longer the consolidation → the more violent the breakout.
And six years is an eternity in crypto.
ETH now sits at the edge of that structure.
Momentum + macro cycle alignment + long-term support = a setup that could define the next major leg of the market.
What Comes Next
The structure remains intact.
The fake-out is complete.
The market is watching one level: the pennant resistance.
A clean breakout doesn’t just send
$ETH higher - it could rewrite the trajectory of the entire cycle.
If Merlijn is right, Ethereum may be standing at the door of the most aggressive expansion phase since 2021.
#FeryX $ETH #TrendingTopic