#ETHCorporateReserves Ethereum is preparing for a new bullish rally
Ethereum could skyrocket to $ETH 29,500, the Bitcoin pattern repeats
What happened in 2020-2021?
2020: ETH started the year near $130 USD and closed at $730 USD driven by the DeFi boom and expectations about Ethereum 2.0
2021: ETH exploded to an all-time high of $4,786 USD in November, thanks to the expansion of NFTs, a boon for altcoins, and high activity in smart contracts
What are the similarities with 2025?
Silent accumulation: ETH has been consolidating between $2,400 and $2,800 similar to its phase before the 2020 rally
#TradingCommunity #tradingview . Reduction of supply on exchanges: Less ETH available for sale which suggests institutional accumulation.
Scalability narrative: Ethereum is close to implementing improvements that could increase its capacity 10x by 2026