Ethereum surged by 45% last week, reclaiming key price levels and sparking speculation about a broader altseason.
The large weekly candle showcased a significant technical breakout and short squeezes, leading to a shift in momentum for ETH and the altcoin market.
Ethereum's move above key resistance levels signals a potential uptrend, with analysts anticipating a strong altseason if ETH maintains its current levels.
Technical analysis shows Ethereum breaking above important moving averages, indicating a possible bullish reversal and a broader recovery trend for the cryptocurrency.