ETH Bullish Breakout Looms After 5-Year Triangle
Ethereum is nearing a breakout from a 5-year triangle with bullish signals from the MACD and RSI indicators.
- ETH nears breakout after 5-year consolidation pattern.
- Monthly MACD shows bullish crossover for first time in 18 months.
- RSI and market confluence signal strong upside potential.
Ethereum (ETH) is showing strong signs of an imminent bullish breakout, as it approaches the end of a 5-year symmetrical triangle pattern on the monthly chart. Historically, these patterns precede major price moves — and ETH looks primed for exactly that.
This long-term consolidation has kept Ethereum in a tight range, but recent momentum indicators suggest the asset is building energy for a powerful breakout to the upside. If the breakout confirms, it could mark the start of a major bull cycle, possibly pushing ETH beyond $10,000.
MACD Signals a Bullish Turn
The Monthly MACD (Moving Average Convergence Divergence), a key indicator of long-term trend shifts, is showing a potential bullish crossover — something that hasn’t occurred in the past 18 months. Looking back:
- In 2020, the MACD crossover led to a 16-month-long rally.
- In 2023, a similar crossover resulted in a 6-month price surge.
This third instance could be even more significant, given the length of consolidation and macro factors aligning in favor of Ethereum.
RSI Still Has Room to Run
Another indicator giving bulls hope is the Relative Strength Index (RSI). On the monthly timeframe, RSI is still sitting in the middle of the range, signaling that ETH has plenty of room to move higher before becoming overbought.
When RSI and MACD both align, it often precedes strong market momentum. With the ETH/BTC ratio and Bitcoin dominance (BTC.D) also hinting at Ethereum outperformance, the charts are providing multiple layers of confluence for a bullish scenario.
As more capital flows into altcoins, Ethereum is positioned as the top contender to lead the charge. The next major move may not just be big — it could be historic.
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