📈 Ethereum breaks resistances: Is this the beginning of a new bullish era?
Ethereum has just made a key move, surpassing technical levels that many traders were watching. This rise not only reflects market optimism but also signs of institutional accumulation.
🔍 What is driving the rally?
- Increase in smart contract and DeFi activity.
- Expectations regarding the upcoming network update.
- Reduction in circulating supply due to staking.
💡 Fun fact: More than 25% of ETH is currently locked in staking, which reduces selling pressure and strengthens price support.
📊 My market reading: If Ethereum maintains this momentum and surpasses the next key resistance, we could be at the beginning of a medium-term bullish structure. But be careful: parabolic movements also attract quick corrections.
🤖 Trading tip with bots: In times of high volatility like this, trend-following bots can be your best allies. Set alerts to avoid late entries and take advantage of pullbacks.
🗣️ What do you think? Are we facing a new bullish cycle or is it just a trap for bulls? Let me know in the comments and share this analysis if you found it useful!
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