Reading the chart|Ethereum Foundation: Ethereum’s social layer decentralization has made significant progress
A valid breakout needs volume to back it up; breakouts on declining volume often fall back into the range. Going forward, watch whether the coin price holds the intraday low after the news comes out.
This kind of progress won’t reverse the trend right away, but it’s one clue.
$ETH latest: 2418.63, intraday range: 2254.27 ~ 2450.