🤯💲 ETH has made its largest price jump since May 2021, momentarily reclaiming USD $2,500. It is catching up with Bitcoin after a year of being depressed compared to the largest cryptocurrency.
The price of ETH surged over 20% after the latest Pectra update.
Pectra is the most comprehensive update in terms of EIPs to date.
Ether made its largest price leap in 24 hours since May 2021, catching up with Bitcoin.
💡🌟 The price of Ether printed a rare monthly Dragonfly Doji candle, often seen before major bull market cycles for ETH.
ETH is retesting its long-term parabolic support zone that preceded its historic rally in 2017.
The Z-Score of the MVRV has entered the accumulation zone, indicating undervaluation.
Ether is showing a rare Dragonfly Doji candle on its monthly chart, the same structure that preceded its historic 25,000% rally during the 2017 bull cycle.
This pattern is confirmed when the price prints a long lower wick, little to no upper wick, and closes at or near its opening level.
