📢Looking back at Ethereum in 2015–2016,
the coin entered exchanges at a price close to $1 and moved into a low-volatility phase, clearly marked by a falling wedge structure. After several weeks of consolidation, ETH broke out of this wedge, and a move above its 15-day moving average (15D MA) triggered a sharp bullish rally. This breakout didn’t just signal momentum—it delivered results. ETH surged over 1,400%, climbing from around $0.85 to over $14 within a couple of months.
Fast forward to 2025, Pi Network appears to be painting a similar picture. On the right side of the chart, PI is consolidating in a falling wedge pattern, with its current price hovering around $1—the same level ETH was trading before its breakout. The 15D MA is also hovering just above the price, much like ETH’s setup before its surge.
If Pi follows the same path as Ethereum, it doesn’t take a technical analyst to imagine what could come next.
