ETHEREUM IS AT THE LINE THAT DECIDES EVERYTHING.
Underperformed BTC all cycle.
Zero margin for error.
This ascending trendline is the last defense.
Holds โ higher low prints โ BTC rotation begins โ explosion.
Breaks โ distributive trend โ capital flees โ downside opens fast.
No second chances.
Watch the weekly close.
That's where the signal lives.
$ETH tried to hold above the $2,400 level again but failed.
Spot demand is very weak, which is pushing Ethereum lower.
Until that changes, ETH will continue to underperform the market.
BEARS SHOULD NOT READ THIS POST
Or they'll be depressed.
In the past 3 cycles, Bitcoin has always followed a similar bottom pattern.
Whenever the weekly RSI has reclaimed 50 after dropping below 30, $BTC bottom has been confirmed.
Just now, BTC weekly RSI is back above 50 after dropping below 30 in Feb 2026.
If history repeats, BTC won't touch the $60,000 level ever.
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The U.S. stock market has just hit a new ATH.
The S&P 500 gained 0.77% today, adding $470B in market cap and reaching a new all time high.
The Nasdaq rose 1.08%, adding another $380B in market cap and also setting a fresh record high.
In total, the U.S. market has added over $12 TRILLION in just the last 36 days.
GLOBAL MARKETS ARE SURGING.
Japanโs Nikkei 225 jumped +4% after reopening from holiday.
Markets are rallying on hopes the Iran war may be nearing an end.