Ethereum is retesting a multi-year ascending trendline that has historically launched major rallies toward all-time highs. 📈
If this support holds again, $ETH could be gearing up for another move back toward the $4.8K resistance zone. 🚀
While $ETH staking ratio is at ATH, ETH CEX reserves are at multi-year lows.
A lot of ETH is being transferred from short-term traders to long-term holders.
Good to see it.