@areyoubased.base.eth
Ethereum has been in a downtrend beginning at the peak of ~$4950 on August 24th 2025.
This reflects the typical 4 year crypto cycle peak, as ut was 4 years prior in 2021. Typically a ~1 year downtrend follows this peak and it is likely the same type of pattern is unfolding here.
This downtrend is easily charted by observing the continued significant lower highs (circled on the chart). There has been 8 of these in the current downtrend.
The most recent significant high broke this trend. On Wednesday, January 14th 2026, ETH broke above $3,300 to set a higher high at ~$3,400.
Whilst shallow, this is a first higher high since August 2025. It reflects a period of (bearish) consolidation after a downward move.
This consolidation can be visualised by noting higher lows. These began in November 2025, with a 3rd high low made yesterday, January 21st 2025.
The higher high on Jan 14th looked to be a false signal that we were exiting consolidation to the upside. We remain sideways.
Ethereum has work to do. 🦈
0 reply
0 recast
0 reaction