~1 year of consolidation/accumulation during the BUILD phase of major tokenization projects. (eg. Blackrock, Fidelity, Robinhood, JPMorgan)
- Followed by a breakout coinciding with tokenized market products releases (2027/28)
- Shortly After BTC/ETH open interest will wane then crash during a macro ETH bull run in 2028/29 with majorshort liquidations. Ripples will be felt across the bitcoin community with psychology entering the "flippening" territory.
Trade active
1 month candle update. February candle closed at bottom of long term support trend line and wicked just above the yellow mid term consolidation pattern trend line.As we currently head deeper into March. The march candle is currently showing the same pattern. So far so good!
Note
possible summer rally brewingNote
April 2026 Update — Thesis IntactThe monthly chart is holding the line. April printed a long lower wick at the multi-year ascending support trendline connecting ETH's major lows back to 2019, with a monthly low of $2,017 that held without a close below it. Price recovered to roughly $2,255, up ~7% on the monthly print. The monthly MACD histogram has also turned positive for the first time since the late 2025 decline — a early macro momentum shift worth noting.
The BUILD phase narrative is strengthening on schedule. Glamsterdam is targeting H1 2026 with parallel execution, gas limit expansion beyond 100M per block, and enshrined PBS. A second fork, Hegotá, follows in H2 with Verkle Trees and FOCIL. The Ethereum Foundation staked 45,000 ETH toward a 70,000 ETH target in early April. Whales pulled over 120,000 ETH off centralized exchanges in early March, the largest outflow since October 2025.
Near term risk: ETH ETFs recorded a fifth consecutive month of net outflows in March. A monthly close below $2,017 breaks the trendline and opens $1,500. That is the invalidation level.
Thesis holding. Summer rally window still open.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
