#ETH shows its first serious sign of a new cycle.
#Ethereum is signaling that the market could be entering a new phase.
⚡️After bouncing strongly from $2,800, the price returned to above the 50-week moving average, a level that historically marked significant lows.
🪙 Every time Ether recovered this zone —in 2023 and also this year— the asset ended up doubling its value, with increases of 97% to 147%.
Today it traded near $3,400, and if it manages to surpass $3,500, the resistances towards $4,000 and then towards the historical maximum of $5,000 are back in play.
The technical bounce is accompanied by strong on-chain signals.
🐳🐋 In just three weeks, whales accumulated almost a million ETH, while retailers were selling.
Large and institutional wallets are at record holdings, and ETFs linked to Ethereum registered inflows of $177 million, their highest figure in a month and a half.
👉 Additionally, the Coinbase Premium has turned positive again, showing greater demand from the United States.
With this set —recovery of a key average, strong institutional accumulation, and return of regulated capital— the probability increases that Ethereum has marked its bottom at $2,800 and IS BEGINNING A BULL CYCLE.
📌 This is complemented by the outlook of Michael van de Poppe:
If #BTC moves towards $100,000–$115,000, Ethereum could approach the $5,000 zone again.
