Ethereum ATH Holds Clues, Cardano Could Be Poised for a $2 Breakout

• Ethereum broke all-time highs after a 15% dip this month.
• Back in 2021, Ethereum corrected 27% after its breakout.
• Cardano sits 249% below peak, just like last bull cycle.

Ethereum recently broke its all-time high, and while many expected a smooth parabolic move, history shows otherwise. Back in January 2021, Ethereum also cleared its previous record, only to face a sharp rejection. The coin dipped 27% right after the breakout, and just days before that rally, it had already corrected by more than 30%.

Fast forward to now, Ethereum has once again surged past its peak after dipping 15% earlier this month. The chart pattern looks almost identical to the last cycle, where Ethereum briefly overextended before pulling back into the zone between its 20-day and 50-day moving averages. This is a common setup, not necessarily manipulation but simply the volatility of crypto markets.

Related: Can Ethereum Really Hit $10,000 This Bull Cycle? Hayes Thinks It’s Inevitable

What stands out today is Ethereum’s risk score. During its January 2021 breakout, the risk score was 80, hinting overheated conditions. This time around, the scor…

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