- Ethereum ascending triangle ignites bullish pump sentiments.
- The crypto market faces dark rug pull phase and ETH ignites hope.
- New ETH ATH could lead to altseason peak phase soon.
The crypto space is going through a rocky phase at the moment, degens are memecoin holders are feeling the volatile nature of the crypto market. This paired with the latest LIBRA and MELANIA rug pulls have put the crypto community in a state of fury and FUD. Despite this seasoned analysts remain calm and hold onto hope for a glorious altseason.
Ethereum Ascending Triangle Formation
#Altcoins
Every Altseason starts with $ETH starting to draw attention to itself.
It’s in the process of reclaiming a trend line that has held for 3 YEARS.👀👀🔥
That would be incredibly bullish, because we would then be talking about an ascending triangle.
HIGHOOOR pic.twitter.com/9pZxhkxGBq
— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 🧲 (@el_crypto_prof) February 17, 2025
As we can see from the post above, this analyst believes that altcoins are ready to flow into the altseason peak phase. The post highlights how every altseason starts with Ethereum (ETH) starting to draw attention to itself and the pioneer altcoin asset is now in the process of reclaiming a trend line that has held for three years.
Adding on, the analyst highlights a highly bullish indicator on the ETH price chart which is a lead up to an ascending triangle formation. All in all, the analyst expects an incredible pump for ETH leading to higher prices soon. Meanwhile, many other analysts are also noticing similar bullish patterns on the ETH price chart.
Multiple New ETH ATHs on the Horizon
$ETH bottom is in
Now it needs to bounce back towards the range high and make a new ATH next pic.twitter.com/BAlTqN5mtl
— Crypto Yoddha (@CryptoYoddha) February 17, 2025
As we can see from the post above, this analyst claims that the ETH bottom is on and the next leg up for ETH price is on the horizon. In detail, this analyst expects ETH to bounce back towards the range high and set a new ATH next starting with $7,000 and then a possible greater pump to the $10,000 target.
