Bullish ETH theories I think this could be a possible scenario for ETH's next breakout. I think it's possible because of the ETH ETFs that will most likely gain some traction over time, and retail will have to play "catch up" due to the price consolidation over these past years. The winds will turn, and I think everything will play out quite quickly when it happens.
I also think the FED will announce the end of QT today at the FOMC, which COULD trigger the next ETH bull run.
Looking at the ETH/BTC chart, I think this will trigger the next leg up and complete the pattern when looking at the weekly chart, testing the previous highs.
When I look at ETH relative to SOL/USD, it also looks bullish in the short term. I think this is quite reliable, but we will see over time. Although I think ETH will outperform both BTC and SOL and play catch-up with them both.
Conclusion: I have deployed most of my crypto portfolio to ETH now, believing ETH will give me the most beta in this bull run over the coming months. I know the sentiment looks quite bad at the moment for ETH, but I believe there is a saying: "Buy when others are fearful, sell when everybody is greedy." I think this is quite similar to value investing, and I believe there is a lot of value in BTC, ETH, and SOL.
Good luck! And share your thoughts, I like to discuss things like this. =)