Ethereum Repeats History? 124-Day Cycle Signals a Massive Breakout Ahead

Ethereum is doing something extremely interesting. and extremely familiar‼️

If we compare the previous corrective cycle with the current one, both have unfolded almost identically, not only in structure but also in duration, each measuring approximately 124 days.

Both cycles had a clean 1-to-9 wave sequence inside a falling channel before ETH aggressively broke out. And right now, ETH is completing the same exact structure, approaching wave 9 once again.

If history rhymes, and it does in crypto, ETH is preparing for a major impulsive phase, just like after the previous 124-day correction.

From the lower bound of the channel, we are going to look for trend-following longs, anticipating a possible bullish reversal that's similar to the last breakout.

Cycles do not repeat perfectly.

But they rhyme more often than people think.

The trend is still bearish for now, but ETH would invalidate the entire bearish structure if the upper trendline breaks upwards aggressively, meaning the bulls have taken full control.

Do you think ETH is poised for yet another breakout? Share your thoughts in the comments section below!

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Stick to your trading plan on entries, risk, and management.

Good luck!