ETH Forms Huge Hidden Bullish Divergence Pattern Hinting at Explosive Altseason Peak Arrival

News

  • Pioneer altcoin ETH forms huge hidden bullish divergence pattern. 
  • Ethereum now hits at the arrival of an explosive altseason.
  • Every altseason began with breakouts and RSI printing higher lows, the same occurs now.

The crypto market eagerly awaits the arrival of the ongoing bull cycle’s altseason peak phase and analysts are constantly on the lookout for bullish signs amongst the price charts of promising altcoin. The pioneer altcoin Ethereum shows bullish potential as ETH forms huge hidden bullish divergence pattern hinting at an explosive arrival for the long-awaited altseason peak phase. 

ETH Forms Huge Hidden Bullish Divergence Pattern 

As we can see from the post above, this highly reputed and popular crypto analyst shares a bullish observation on the Ethereum price chart. In detail, the chart indicated what could be ETH forming a huge hidden bullish divergence pattern on the Ethereum price chart. The analyst highlights how the hidden divergences mark how oversold the chart really is, and in this case, how Ethereum is a perfect pick. 

Furthermore, the analyst concludes that Ethereum is printing a bottom and when something is at the bottom, then the only way to go is up. Responses to the post are supportive, and several ETH traders and crypto analysts appreciate the strong indicators forming on the ETH price chart and are also expecting a potential upward trend for the pioneer altcoin asset. One even mentions this phase of ETH as the calm before the storm and expects to see a jaw-dropping ETH price pump soon. 

To highlight, according to CoinMarketCap analytics, the price of ETH is presently sitting at $1,906, quite a long way away from the asset’s previous ATH set at $4,891.7. Its present market cap sits at $229,968,737,476.89 while its 24-hour trading volume is $15,969,304,323.06. With a significant pump expected for ETH, popular expectations for ETH to lead this bull cycle’s altseason peak phase now grow stronger.

RSI Holds Higher Lows Hinting at Altseason Arrival  

As we can see from the post above, this reputed analyst shares a bullish take on why altseason is just on the horizon. According to the analyst, this bull cycle’s altseason peak phase is preparing to take off with an explosive start and the analyst places the major sign for this expectation upon RSI holding higher lows.

In previous cycles’ every altseason started off with price breakouts and the RSI holding higher lows. With the same action playing out now, the analyst expects altseason to begin soon. Has the time finally arrived for ETH to take the lead and do as BTC did in November 2024 and hit a string of new ATHs?

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