$ETH A lot of people had written Ethereum off.
They called it dead. Compared it to a $BANANA , a cow, and every joke you can think of. Questioned if it still deserved its spot as the second largest blockchain.
Yesterday, ETH broke a key resistance level it had failed to clear for months. Price surged 9.51% in a single day. That move outpaced Bitcoin's 6.20% gain on the same day. The chart that many had dismissed as stuck in a range just punched higher and left a lot of mouths wide open.
What pushed the move: the US Treasury announced plans to double its long-dated bond buyback operations. Traders are calling it "QE Lite." Risk assets loved it, and ETH led the charge.
This breakout matters because ETH had been rejected at this same zone multiple times since June. Clearing it flips the structure. The next wall sits just above, so the fight isn't over. But the trend just got a lot more interesting.
Scale of 1-10, how bullish are you on ETH right now?
They called it dead. Compared it to a $BANANA , a cow, and every joke you can think of. Questioned if it still deserved its spot as the second largest blockchain.
Yesterday, ETH broke a key resistance level it had failed to clear for months. Price surged 9.51% in a single day. That move outpaced Bitcoin's 6.20% gain on the same day. The chart that many had dismissed as stuck in a range just punched higher and left a lot of mouths wide open.
What pushed the move: the US Treasury announced plans to double its long-dated bond buyback operations. Traders are calling it "QE Lite." Risk assets loved it, and ETH led the charge.
This breakout matters because ETH had been rejected at this same zone multiple times since June. Clearing it flips the structure. The next wall sits just above, so the fight isn't over. But the trend just got a lot more interesting.
Scale of 1-10, how bullish are you on ETH right now?