BTC bounced 20% and everyone celebrated while $ETH quietly sits on the line that matters most
Ethereum is at $1,987 testing an ascending trendline that defined every major bottom since 2019. Support held in 2020 and twice after the 2022 crash. Each bounce launched a rally. This is the fifth test.
The problem is momentum. ETH underperformed Bitcoin all cycle, arriving at support weaker than ever. One analyst said ETH does not get a second chance here.
If it holds, alt rotation begins. If it breaks, long-term bullish structure is gone.
Do historical trendlines still matter when ETH lost its narrative to Solana and L2s?
Posted by Ok-Tumbleweed-2416