- Ethereum is showing a bullish falling wedge breakout
- RSI patterns mirror Bitcoin’s 2021 breakout
- Market sentiment is in disbelief, just like before
Ethereum is drawing serious attention from technical analysts as it mimics a chart pattern last seen in Bitcoin’s explosive 2021 rally. Three key technical indicators—multiple RSI taps, a falling wedge breakout, and rising momentum—suggest ETH could be gearing up for a powerful move upward.
Back in early 2021, Bitcoin displayed these same signals before it soared to new all-time highs. Traders who spotted the pattern early saw major gains. Now, Ethereum appears to be following that exact blueprint.
The Falling Wedge and RSI Signal Strength
A falling wedge is often considered a bullish reversal pattern, and Ethereum has just broken out of one. This technical move typically signals a shift from downward pressure to bullish momentum.
Adding fuel to the fire, Ethereum has tapped its Relative Strength Index (RSI) trendline three times—another bullish indicator. This is almost identical to Bitcoin’s RSI behavior in 2021, which preceded a historic price surge.
Momentum is Shifting—But Sentiment Lags
Perhaps the most telling sign? Market disbelief. Despite these bullish signals, many traders remain hesitant. This mirrors the exact mood during Bitcoin’s 2021 rise—when early warning signs were ignored until it was too late.
This time, Ethereum could be the one catching fire. The indicators are flashing green, and all that’s left is market confirmation.
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