🚀 Ethereum Blasts Off With Biggest Weekly Candle in Years – Is Altseason About to Begin? 💥

#Ethereum just dropped the biggest flex candle of the year – and crypto Twitter can’t stop talking about it. After months of doom and gloom, ETH exploded more than 45% last week, reclaiming the psychological $2,500 level like a boss 😎.

📈 The Weekly Chart Says It All

$ETH just rocketed past the 200-week EMA ($2,255) and SMA ($2,451) – major long-term trend indicators – for the first time since its brutal downtrend began. The last time we saw this kind of candle? Let’s just say DeFi summer was still a thing. 🍹

🔍 What’s Driving the Hype?

Top analyst Daan broke it down:

“This candle wasn’t just technical – it was vengeance. Bears got squeezed hard.”

That’s right – months of bearish positioning were obliterated in a flash rally that flushed out short sellers and invalidated the bearish market structure. With ETH now sitting at ~$2,555, just below the key resistance range ($2,700–$2,800), the big question is: can it hold? 🧠

📊 Volume Confirms It’s Real

This wasn’t some low-volume pop. The surge came with serious participation, suggesting bulls aren’t just bluffing. If ETH manages to flip this resistance zone, analysts say we could see a full-blown altseason revival, potentially the strongest since 2021. 🌈🪙

⚠️ Caution: Volatility Ahead

Daan warns:

“Play it level by level. Don’t chase – observe how ETH behaves at resistance. Next week is key.”

So while the rocket has launched, there’s still turbulence ahead. A clean break above $2,800 could ignite capital rotation into altcoins, with ETH leading the charge. Fail to break through? We might just be looking at a mega short squeeze relief rally.

🚀 ETH surged 45% last week – biggest candle in years

✅ Reclaimed 200W EMA & SMA = bullish signal

🔥 Bears squeezed, volume confirms strength

🎯 Key resistance ahead at $2,700–$2,800

🧩 Altseason could begin if breakout continues

Grab your popcorn, because next week might be fire. 🍿🔥