$ETH is flashing some serious bullish vibes right now. Trading around $2,593, it’s up over 8% just this past week, with solid volume and market cap gains. 📈

Here’s the scoop: The US Dollar Index (DXY) and ETH have this inverse dance — when DXY peaks, ETH usually bottoms, and vice versa. Right now, the DXY is weakening after peaking in late 2023, which historically signals ETH is gearing up for a strong move UP. Think parabolic rally vibes like we saw in 2020 and 2022. 🔥

On the technical side, ETH is consolidating just below resistance near $2,735, with a big psychological barrier at $3,000. If daily volumes stay strong and institutional players like BlackRock keep pushing in, that $3k mark could be broken soon. Support is holding around $2,479, setting a higher low — a classic bullish sign. 📊

So while history doesn’t always repeat exactly, it definitely rhymes here. Weak dollar + strong institutional interest = Ethereum looking primed for a breakout. Eyes on $3,000 and beyond! 👀