ETH - Most Hated Rally Incoming
2024-11-06

In crypto, the coins that underperform usually see something know as a "most hated rally". 

Eth is about to enter this phases...

We saw the same thing with Solana in 2023 when it was creating a triangle pattern between $15-20 and then had a massive run to the upside once it broke out of the pattern. 

Here we are seeing something very similar in the charts. ETH has been creating a massive ascending triangle and we are on the verge of a breakout. 

Also, we have seen a fakeout outside of the pattern both to the upside and downside. This is usually a signal of deviation which leads to liquidity for the move to continue. 