Ethereum's Potential Breakout Mirrors 2021 Rally Amid Global Liquidity Trends
Ethereum (ETH) is showing a macroeconomic pattern similar to its 2021 rally, driven by global liquidity trends. An analyst notes a sequence linking global liquidity, U.S. small-cap equities, and ETH's price, suggesting a potential breakout. Currently, ETH accumulation addresses indicate rising support near $2,700. Historical patterns suggest ETH may break out several weeks after the Russell 2000 index, which has recently reached an all-time high. Onchain data shows continued accumulation, with a realized price near $2,720 acting as strong support, indicating limited downside risk for ETH.
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