Market structure often repeats across completely different assets.

The current Ethereum cycle is showing a striking resemblance to the early breakout structure of Netflix.

Both charts share the same playbook:

• Long-term ascending support holding the macro trend
• Multiple rejections at a major horizontal resistance
• A rounded distribution forming near the highs

After the third rejection, momentum faded and price rotated back toward trend support before the next major move.

For ETH, the key zones now are clear:

• Major resistance: ~$4.8K
• Mid-range supply: ~$3.2K
• Macro trend support: ~$2.0K–$2.2K

As long as the ascending trendline holds, the broader structure remains intact. A reset into support would simply be a continuation pattern before the next expansion phase.

Markets move in cycles.
Structure tells the story before the breakout.

#Ethereum #ETH #Crypto #CryptoMarkets #TechnicalAnalysis