ETH achieved explosive growth of over 70% this quarter, marking its best quarterly performance in years. This once again confirms that in the crypto market, when public sentiment plummets but fundamental support remains, it's a strong indicator of profitability
$ETH Is on track for its best quarter since Q1 2021, more than 5 years ago.
That while most people gave up on ETH just months ago.
Never underestimate a good comback story in the crypto sector.
Historically, whenever the overall market strengthens and funds flow out of the main board, the valuation repair of core assets rarely occurs gradually. Instead, it is achieved through unexpected rallies that lead to catch-up gains and a return to value
@JesseOlson Testing lower support levels before structural expansion is a recurring pattern in historical market cycles. If the 70K level can serve as bottom support for a macro correction, the probability of a rapid surge towards the 90K level will increase significantly
@ardizor The price action has been met with selling pressure for three consecutive weeks, indicating extremely strong resistance from trapped investors and short sellers. Furthermore, there has been no significant increase in trading volume on the weekly chart
@LarkDavis This is a macro-level trigger signal that everyone is watching closely. If this resistance level is broken and becomes support, the next major upward wave will officially begin
The key is to return to the price itself, paying particular attention to whether BTC can continue to form higher lows and further recover the next key resistance area
@Cointelegraph Historically, improved liquidity conditions have typically supported risk assets such as stocks and cryptocurrencies, but this effect is often not immediately reflected in prices
@pete_rizzo_ If Bitcoin forms a higher low after the leverage is cleared and spot demand remains resilient, then this setback is more likely a consolidation rather than a failure of the market structure