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ETHEREUM IS AT THE MOST IMPORTANT LEVEL OF THIS CYCLE.
And almost nobody is talking about it.
ETH has underperformed BTC all cycle.
That means zero margin for error here.
This ascending trendline is the last line of defense:
– Last higher timeframe higher lows
– Remaining bullish structure
– Final buyer defense zone
If it holds:
Relative strength recovers.
Rotation from BTC into alts begins.
Sentiment flips fast.
If it breaks:
Trend turns distributive.
Capital floods back into BTC.
Downside opens violently.
ETH doesn't get a second chance at this level.
This is hold or collapse.
Watch the weekly close.
That's where everything gets decided.
$ETH
{spot}(ETHUSDT)