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ETH VS RUSSELL
Something interesting is happening again.
Before the major ETH rallies in 2016 and 2020, two things happened:
• Russell 2000 broke out
• ISM Manufacturing moved above 55
2016 → ETH: $10 to $1,400
2020 → ETH: $88 to $4,800
Fast forward to 2026.
The Russell 2000 is breaking out of its multi-year range, while ISM has hit 55.6, its highest level in 4 years.
Both signals have now triggered again.
$ETH has also started recovering from its $1,505 low.
Could history repeat?
Definitely something to keep on the radar.