Etn monthly-all time chart 08.01.26.

Good morning! I find this chart very interesting. All time monthly Etn chart showing Btc highs and lows. As you can see Etn's price action usually follows Btc's but it does decouple sometimes, represented by the green flags. I think Btc's high is in for this cycle which is the far right red arrow and of course there could be another Btc high, but I personally don't think so. The far right green arrow is when my predicted Btc's low will be (usually 12 months after the new ath) again no guarantees!  

Chatgpt's take. "What this chart is showing: This is not just a descending wedge. It's a longterm descending resistance (green line) and a very shallow demand base (red line). This is volatility compression over years not months. This matters because long duration compressions tend to resolve  structurally, not impulsively. This puts Etn in a different category than typical alts. The green flags are legit Etn-specific behaviour, Etn spikes when Btc doesn't. This tells us Etn has internal bid events and those bids are not leverage driven. Buyers step in before Btc confirms direction. This is why Etn doesn't always mirror Btc candle for candle." 

So we will probably see some wicks below the support line but not a collapse of the wedge to the downside. Etn has already lived through multiple Btc cycles and yet the support slope has remained. This is a high quality long-term setup and not a price failure (very important). 

So imo the most probable outcome is Btc makes it's cycle low and Etn breaks the descending resistance at some point.

Bull case: Etn breaks up from compression, decoupling from Btc which is rare (probably news/user influx or major real world use case partnership driven) but the green flags show it can happen.  

Things to watch out for: Etn stops making lower lows before Btc does or breaks the resistance line without a Btc spike. Thats our decoupling signal!  Keep the faith 😀