Ethereum Broke up Consolidation Zone and Downtrend

Ethereum broke up consolidation zone where it was in for 3 months. After support of the result of 2024 US Election, Ethereum price is up 40%. It was in this consolidation zone and It broke up in 4 days after the result. Ethereum price is important for all altcoins. It may be the signal of altcoin season..

Here you can see daily chart of Ethereum. There was a downtrend line coming from the beginning of June. It was tested 3 times and Ethereum broke up this downtrend line in 4th times. It has huge green candles in last days. It is still the beginning of bull run. It is so away from 2024's top.

Here you can see weekly chart of Ethereum. This is why I said It is too early for altcoin season. There are the indicators on this chart. MACD Indicator reversed from the bottom. It has great potential for bullrun.

RSI Indciator is also at good level. So, Ethereum has good potential. It means, 2025 altcoin season may be the biggest! BTC Dominance was very high at the beginning of this season. It shows us the potential of this altcoin season!

As I said, we are only at the beginning. We will run more.

We will see..