Many people are still hesitating whether to enter the market, while Ethereum has already formed a large-scale converging wedge structure on the monthly chart. This is a typical accumulation pattern; once broken, reaching 5000, 6000, or even new highs is not a fantasy!
The last time such a pattern appeared was in 2020 when it was still a few hundred dollars, and then it soared directly to 4800!
Now, this pattern is more standard and solid than that time, with the bottom consistently raising higher lows and the top gradually converging and compressing. The triangle is about to reach its end; the moment of breakout is often the trigger point that the main force has already ambushed!
Currently, Ethereum has just broken through the middle track of the structure at 3000, with increased volume, and the bulls are ready to push to the top!
BTC continues to strengthen; as long as it breaks 120,000, the major cycle explosion for Ethereum is only a matter of time.
This wave of market movements is no longer an opportunity for daily contract doubling but a significant wealth leap in the long cycle.
Don't wait to chase high after the breakout; those who truly make big money are always the ones who lay out their plans in advance. There are many lost souls on the crypto road, but only those destined will be guided by Long Shao.