The co-founders of market intelligence firm Glassnode say that Ethereum (ETH) is in the midst of a strong accumulation phase that may ignite a massive rally.
In a new thread on the social media platform X, Jan Happel and Yann Alleman – who go by the handle Negentropic – say that Ethereum may have an explosive breakout if the top altcoin reclaims the $4,000 level as support.
They also say that ETH may present a buying opportunity on Friday and Saturday, the two days of the week when the price has declined in the last 30 days.
“We might be lucky enough to experience one more retrace before ETH punches through $4,000. Friday and Saturday have generally been for accumulating over the past month. Once
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