The Ultimate Bull Signal? Why ETH’s Chart Just Flipped to ‘Buy’ for the First Time Since September
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Ethereum (ETH) jumped to $2,300 on Monday, delivering over 14% gains this week. - A key technical indicator flipped to a “buy” signal for the first time in months, suggesting renewed bullish momentum for crypto and ETH price action. - Rally occurs amid Strait of Hormuz blockade-induced macro tensions, a geopolitical risk that could affect DeFi, DEX/CEX liquidity and broader adoption.
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ETH bulls pushed the price to $2,300 on Monday. The altcoin posted over 14% in gains this week. The latest price action has been a welcome relief for investors amid macro tensions due to the blockade of the crucial Strait of Hormuz shipping route.
For Ethereum, a crucial indicator has flipped to “buy” for the first time in months.
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