After many days of silence, Ethereum has finally welcomed a long-awaited strong resurgence! Today, ETH has strongly broken through the $1700 mark, breaking the consolidation pattern that had persisted since April 6, and the bullish sentiment is high, with the market atmosphere rapidly warming up!
On-chain signals converge:
A certain fish has been quietly accumulating outside the exchanges. Since mid-February, 48,477 ETH have left the market for storage. Despite a paper loss exceeding $21 million, they remain resolute in holding, sending a clear signal of medium to long-term bullishness!
The outflow speed of ETH ETF funds from exchanges has significantly slowed, and market panic is starting to recede, with clear signs of capital returning.
Technical indicators are synchronously improving:
ETH successfully broke through the long-term logarithmic downtrend line, laying the foundation for a mid-term reversal;
The daily MACD is about to golden cross, and the RSI bullish divergence is close to confirmation—just waiting for a strong bullish candle to ignite the real market!
Key battle zone:
Stabilizing above $1687 is the beginning of a complete turnaround;
Once stabilized, it will open the door to a surge towards the $1800—$2000 range!
It's worth noting: although ETH's fundamentals are becoming increasingly strong, it is facing an intensifying competition for funds with Solana. L2 competing chains and RWA tokenization will become the core battleground determining whether ETH can return to the main stage.
Although the market has quietly started to rise, the opportunity for those who truly control the rhythm has just begun! In the next round of fluctuations, will you be a spectator or a sniper?
