Ethereum strongly broke above the $2800 mark, directly piercing the 200-day moving average, breaking the downward channel pressure of the past two weeks.

Along with the warming of prices, there is also a whole set of on-chain, derivative, and policy benefits, making one have to ask: Is Ethereum about to enter a new cycle?

In terms of market performance, ETH breaks through key resistance, and the technical image turns bullish.

This rise is not just a "small increase," but accompanied by the breaking of key resistance:

$2800 is the high point of several previous failed rebounds;

Currently, ETH has stood above the 200-day SMA and is attempting to convert it into support;