Ethereum’s Chart Signals Upcoming Surge, Eyes on Altseason

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Ethereum (ETH) exhibits clear signs of breaking out from its longstanding descending wedge pattern, as analyzed by CryptoYoddha. This pattern, identified on the chart, has been forming since mid-2021 and is typically a precursor to bullish trends.

The Moving Average Convergence Divergence (MACD) indicates a narrowing of the bearish trend, with the MACD line approaching a potential crossover with the signal line. This could signal a bullish reversal if sustained over the upcoming days.

The Relative Strength Index (RSI), sitting just below the 60 level, points towards a neutral stance with slight bullish undertones. The positioning suggests that while ETH is not overbought, the momentum could shift if investor interest increases.

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