$ETH Ethereum Awakening: The Charts Are Primed for a Surge 💎
While Bitcoin leads the market, Ethereum (ETH) is quietly forming a technical masterpiece that suggests a massive upward move is imminent. Looking closely at the daily and weekly charts, ETH is exhibiting classic bullish reversal patterns that have traders on high alert.
The most striking signal is the formation of a Bullish Divergence on the RSI, coupled with a clean bounce off a multi-month descending wedge. Ethereum has successfully retested its key support zones and is now printing higher lows, a definitive sign that the bulls are regaining control. As the burn rate increases and the supply on exchanges hits record lows, the fundamental "supply shock" is meeting technical momentum.
We are currently seeing ETH challenging a major resistance level. A confirmed breakout above this zone—backed by the increasing volume we’re seeing—could trigger a rapid "short squeeze," catapulting the price toward the next psychological targets. The setup is clean, the momentum is shifting, and Ethereum looks ready to reclaim its throne as the leader of the Altcoin season.
The Ethereum rally often starts slow and then moves fast. To stay ahead of the curve with real-time chart updates and ETH ecosystem alpha, make sure to follow me! Let’s catch this momentum together. 🚀🌐
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