Express
Glassnode Co-founder: Bearish Window for ETH Has Disappeared
Summary: In a recent post on X platform, Negentropic, co-founder of on-chain analytics platform Glassnode, stated that ETH is quietly preparing for the next breakthrough. Currently, it has risen above the 50-day moving average, showing a trend breakthrough with momentum continuing to rise. This situation has occurred twice before, and the trend of strong rebound is ...
In a recent post on X platform, Negentropic, co-founder of on-chain analytics platform Glassnode, stated that ETH is quietly preparing for the next breakthrough. Currently, it has risen above the 50-day moving average, showing a trend breakthrough with momentum continuing to rise. This situation has occurred twice before, and the trend of strong rebound is accelerating. The bearish window for ETH and other cryptocurrencies has disappeared.
Negentropic previously mentioned that the rise in prices of hard assets such as gold, silver, and copper usually triggers better performance for Bitcoin and a structural bull market transformation. Global liquidity is shifting from financial tightening to expansion, with cryptocurrencies poised to be the biggest beneficiaries.
