Based on 3marketphase.
(contraction-expansion-trend, I learned this concept from dayya trading post)
ETH is at the box range.
(triangle-2024 August to October)
Plus, there is throwing-over with double-top (1week candle scale).
This means ethereum is at the end of contraction phase and it has high potential to trend phase. But I bet there is one more break-out from low before trend phase.
Keep an eye on all of break-out movements.
(contraction-expansion-trend, I learned this concept from dayya trading post)
ETH is at the box range.
(triangle-2024 August to October)
Plus, there is throwing-over with double-top (1week candle scale).
This means ethereum is at the end of contraction phase and it has high potential to trend phase. But I bet there is one more break-out from low before trend phase.
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