What is wrong with ETH?

While Bitcoin continues its high timeframe trajectory, Ethereum seems stuck at a crossroads, still undecided on its next move. Theoretically, the bearish red structure remains in play, but the recent bounce off the blue box has given the bulls a glimmer of hope. Could this be the move that breaks the bearish scenario and flips the script? Possibly—but ETH seems to be waiting for something.

Is there truth to the rumors of the Ethereum Foundation selling? If so, why would they? The answer isn’t clear yet, but in my opinion, it’s only a matter of time before ETH shoots up. It’s the undisputed king of smart contracts for a reason, and despite the growing belief that Solana might dethrone it, I don’t see any evidence in the charts to support that narrative here.

As tempting as it may be to act prematurely, the market rewards patience and precision.

Remember: Watch. Wait. Win.