Ethereum Holds Multi-Year Bullish Pattern – Expert Suggests The Next Move Will Be ‘The Real Deal’

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Ethereum Holds Multi-Year Bullish Pattern – Expert Suggests The Next Move Will Be ‘The Real Deal’ - NewsBTC

Quick Summary:

Top analyst Jelle recently shared a technical analysis on X, pointing out that Ethereum is still trading within a multi-year ascending triangle—a bullish pattern that historically precedes explosive moves. According to Jelle, Ethereum’s price has faked out on both sides of this structure, a behavior that often suggests the next move will be the real deal.

Investors are growing increasingly frustrated with Ethereum’s lackluster price action, and optimism for a rally is fading. Compared to Bitcoin and other altcoins like Solana, Ethereum has been underperforming, leaving bulls with little control over the price action.

Persistent selling pressure has left investors and analysts worried about Ethereum’s ability to stage a recovery, with many starting to lose hope for a rally. The bearish sentiment has only intensified as ETH continues to underperform compared to Bitcoin and other major assets, causing frustration among market participants who expected a stronger start to the year.