Ethereum shows a strong bounce, igniting optimism in DeFi markets.
The next goal is establishing a higher low to sustain bullish momentum.
The DeFi sector sees renewed growth, aligning with ETH’s positive trend.
Ethereum’s price is trending upward, showing a significant bounce that could mark the beginning of a new uptrend. This optimism stems from the increased activity of DeFi protocols. This trend hints at a more sustainable rally, with Ethereum leading the charge toward a broader market recovery.
That's it.
The markets are rotating, as $ETH has a massive bounce upwards.
Next step? Create a Higher Low and then we'll be good to continue the upward momentum.
DeFi is basically exploding already.
Good times! pic.twitter.com/sTgM1cmXL4
— Michaël van de Poppe (@CryptoMichNL) November 7, 2024
After a sharp downturn in the crypto markets, Ethereum’s recent price action is promising, suggesting a positive trend is on the horizon. Leading crypto analyst and trader Michaël van de Poppe highlighted the importance of ETH forming a higher low, a crucial indicator for sustained bullish momentum. This shift aligns with heightened activity in DeFi, where decentral…
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