Ethereum just entered an accumulation phase after the breakout

29 set

Ethereum just broke out of the months-long channel, and in this case, we didn’t see a breakout with strength and volume. However, ETH is entering an accumulation phase and will consequently need to make a decision to break out and rise back to last month's levels.

Just remember that the backbone of all cryptocurrencies is Bitcoin, and if Bitcoin decides to go up, the entire crypto market will rise as a result. So, I invite you to check out my Bitcoin analysis.

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