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Ethereum Hits Major Level After Biggest Weekly Candle In Years – What Comes Next?

  • 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.

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