Ethereum is lighting up again on the charts — and all signals point to a major movement! With the king of smart contracts regaining its status, the upward wave in the crypto space is increasing.
📈 On the technical side, Ethereum is forming a solid base above key support areas, with a gradual increase in volume.
💹 The Relative Strength Index (RSI) is pushing up from a neutral zone ➡️📈, indicating increasing strength in the upward trend. Meanwhile, the MACD indicator is about to achieve a bullish crossover, suggesting strong momentum building beneath the surface.
The whispers of the chain are becoming clearer — large wallets are accumulating once again. Exchange balances are decreasing, indicating that more Ethereum is being moved to cold storage and long-term vaults. This pattern reflects what we witnessed before significant price surges. Are the major players preparing for something big?
💬 Social sentiment is also improving. Crypto influencers are talking about Ethereum again, and engagement on Ethereum-based platforms is rising. With upgrades like Dencun still resonating in the ecosystem, both developers and investors are diving back in.
👀 In the meantime, hidden within the hype are strong movements involving other leading coins — Bitcoin is showing its strength, Solana is reacting to the broader market, and smaller tokens like BONK, Shibarium, and even Jeetcoin are watching every movement of Ethereum for clues 📡.
📊 From a charting perspective, the current price structure of Ethereum indicates the potential for a breakout in a W pattern, with a retest in the mid-range confirming strength 📐. If the bulls maintain control, we could witness an explosive move towards previously rejected areas.
⚠️ However, market uncertainty does not completely disappear. Risk management remains vital ⚖️. Do not follow blindly — patience pays off.
