$ETH and the new bullish cycle: Is Ethereum ready to take off?
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Ethereum has begun to show a very interesting market structure: on-chain volume has increased, long-term holders are accumulating, and the narrative around the spot ETF of $ETH has gained strength again.
$ETH is trading above its 200-day moving average, and analysts are closely watching the $3,600 area as a key breakout point.
Additionally, updates to the Ethereum ecosystem, such as advancements in proto-danksharding, are generating excitement. Are we facing the prelude to a bullish explosion? Investors, this could be the time to look beyond the short term.