ETH's monthly chart is starting to look like a launchpad. On Twitter, GalaxyBTC described how ETH has 'successfully retested the V-bottom structure and the big triangle from 2021' calling for a continued bull run into 2026. The setup is not perfect however, we need to buckle up for big price drops. GalaxyBTC warns about big dips, crabbing and plenty of 'chop' but the structure is looking like we will see five digits ETH in the future. Other technical analysts are also seeing the same phenomenon. A confirmed V-bottom setup has a high success rate with 70-80% chances of long-term bullish reversals. The last time a setup like this happened was Bitcoin's 2018 recovery and this created years of growth as we all know.
The chart above is from GalaxyBTC's tweet and it also completes a huge triangle breakout pattern that has been in the making since 2021. Combined with rising institutional demand and steady on-chain activity this supports the idea that ETH is not done yet, only taking a break before the next leg up.
Predictions are a little different. Some are $4,900, others $8,600 or higher but the overall sentiment online is that ETH is technically robust. If GalaxyBTC is right then this V-bottom could be the start of ETH's road to five figures.
ETH's chart signals a bull run into 2026.
byu/MasterpieceLoud4931 inethtrader
Posted by MasterpieceLoud4931
7 Comments
[deleted]
Cool
!tip 5
One thing is sure sooner or later, Ethereum will have to break free.
Accumulate before the ETH price storm strikes!
^(!tip 1)
With all the institutional accumulations going on, it’s only a matter of days/weeks before Eth hits ATH and take off from there. I’m tipping it to start towards the end of this month/early November. !tip 1
Same post, different day🥱
I want the ETH choo choo bull train to whistle @ 6942.00
We might make it boys n gals 🥹
!tip 1