🚀 Ethereum at the start of a new bull run? Breakout signals growth!
Ethereum is once again in the spotlight of traders. The coin's price has broken above EMA50, which technically indicates readiness for a new upward trend.
📈 According to Doctor Profit and Michaël van de Poppe, ETH has passed through a major pressure phase, and now the path to growth is open.
🔍 Whales began actively buying ETH in early July, and inflows into Ethereum ETFs are strengthening the bullish sentiment. Some companies are even selling BTC to buy ETH — as the Bit Digital team did.
📊 According to technical analysis by Ted Pillous, Ethereum has formed a consolidation triangle. A breakout upwards could serve as a starting point for parabolic growth.
❗ There are skeptics — MartyParty believes that ETH remains on top only due to historical advantages. But the market is saying otherwise for now.
📌 Conclusion:
Ethereum is entering a phase of trend strengthening. Strategy #TrendTradingStrategy is more relevant here than ever.