ETH reached local resistance in the form of the red zone of the channel, faster than the last cycle.
What does this tell us? The consolidation before the next move may be longer.
🤔Most will say that ETH has not reached ATH yet, so it should go up right now, I can say that ETH mostly lags in taking past highs and does it sometime after that like Bitcoin did.
💡And the phase of more active growth is at the end of the cycle, so be patient and the market will thank you with a profit.
What does this tell us? The consolidation before the next move may be longer.
🤔Most will say that ETH has not reached ATH yet, so it should go up right now, I can say that ETH mostly lags in taking past highs and does it sometime after that like Bitcoin did.
💡And the phase of more active growth is at the end of the cycle, so be patient and the market will thank you with a profit.