Ethereum Addresses In Profit Nearly Doubles Since April Lows – Volatility Returns

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Ethereum Addresses In Profit Nearly Doubles Since April Lows – Volatility Returns - NewsBTC

Quick Summary:

Related Reading: Solana Multi-Year Uptrend Holds Strong – Analyst Sees SOL Breaking ATH This Year For Ethereum to fulfill its usual leadership role in an altcoin rally, it must break above current resistance zones and confirm a recovery structure.

Volatility Grows: Ethereum Eyes A Breakout Ethereum bulls have regained control after a turbulent few months, forming a bullish price structure as the asset attempts to reclaim the $2,700 level.

After multiple failed attempts to break past this level in recent weeks, today’s bullish momentum puts ETH on the verge of a potential breakout. The bullish structure is supported by strong upward volume, signaling renewed buyer interest.