After weeks of sideways consolidation and uncertainty, Ethereum appears to have flipped a major psychological and technical corner. Bullish momentum in the past five days has caused Ethereum’s price action to surge past the $2,200 level with conviction, rising more than 32% in the past seven days alone. The breakout comes as Bitcoin crossed the six-figure mark again, lifting the broader crypto market along with it.
According to technical analysis of Ethereum’s daily candlestick chart, this rally is more than just a reaction to Bitcoin; it is the start of a new long-term uptrend.
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The recent surge has lifted Ethereum well beyond $2,000, a price level that acted as a ceiling in late March and
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