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Ethereum Breaks Multi-Year Downward Parabola vs Bitcoin – Bullish Reversal?

  • Ethereum has broken out with a 37% gain, surging to $2,490 and shattering resistance at $1,850.
  • The breakout is seen as a bullish reversal that may trigger a broader rally among altcoins, indicating a shift in sentiment towards the altcoin market.
  • The ETH/BTC downward multi-year parabola is breaking, hinting at a potential reversal in Ethereum's underperformance against Bitcoin and signaling incoming altcoin rallies.
  • Ethereum's recent price action shows a breakout to $2,352 with strong bullish momentum, supported by upcoming network upgrades and bullish market structure.

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