Despite a recent bout of market volatility, Ethereum’s bullish sentiment remains strong. With ETH holding strong above key support levels, its growing institutional demand and dominance in DeFi and staking, many believe the foundation for a new all-time high is already in place.
What Could Derail Ethereum’s Path To A New ATH?
In an X post, crypto investor CryptoELITES pointed out that Ethereum is still on track for a new all-time high. The ETH chart is exhibiting a similar pattern to previous cycles, bouncing off a bottom trendline.
If the pattern holds, it implies that Ethereum has re-entered its main growth channel, the very setup that led to explosive rallies in prior cycles. As a result, the expert is confident and predicts that ETH could
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