🚀 $ETH repeats the scenario of 2017 — three signals for explosive growth, writes Cointelegraph.
⚪️ What’s happening:
ETH is behaving again like before the mega rally of 2017. Here are the three main signals:
1. Dragonfly Doji candlestick pattern on the monthly chart
— a rare formation that preceded the growth of $ETH by +25,000% in 2017
2. Testing the parabolic support line
— the strongest impulses historically started from this line
3. MVRV Z-Score in the accumulation zone
— indicates that $ETH is undervalued, and holders continue to buy
📊 Analysis says one thing: the market is maturing.
Historically, after such a combination, Ethereum soared from $6 to $1,400 in a year.
Now the conditions are similar again — the question remains: who will get in before the rocket launch? 🚀