Alright, so $ETH is showing its first-ever weekly bullish divergence on both RSI and MACD. First time. Ever.
Now look, I've seen plenty of indicators flash green over the years, and they don't always mean what you think they mean. But when something happens for the first time in an asset's entire history? That's at least worth paying attention to.
The weekly candle structure is showing demand trickling back in. Not fireworks yet, just... interest. People stepping back to the table.
Here's the thing though — divergences are like smoke signals. They tell you something might be cooking, but they don't tell you when dinner's ready. I've watched bullish divergences sit there for weeks, even months, before anything meaningful happens. And I've also seen them get invalidated by one bad macro headline.
So yeah, it's hard not to feel a little spark of optimism here. But I'm treating this like the first warm day in February — nice, but I'm not putting away my jacket yet. Keep an eye on volume, keep an eye on how $BTC moves, and don't let one chart pattern do all your thinking for you.
Still... first time ever is a fun phrase to hear.
Now look, I've seen plenty of indicators flash green over the years, and they don't always mean what you think they mean. But when something happens for the first time in an asset's entire history? That's at least worth paying attention to.
The weekly candle structure is showing demand trickling back in. Not fireworks yet, just... interest. People stepping back to the table.
Here's the thing though — divergences are like smoke signals. They tell you something might be cooking, but they don't tell you when dinner's ready. I've watched bullish divergences sit there for weeks, even months, before anything meaningful happens. And I've also seen them get invalidated by one bad macro headline.
So yeah, it's hard not to feel a little spark of optimism here. But I'm treating this like the first warm day in February — nice, but I'm not putting away my jacket yet. Keep an eye on volume, keep an eye on how $BTC moves, and don't let one chart pattern do all your thinking for you.
Still... first time ever is a fun phrase to hear.