Glassnode co-founder: The bearish window for ETH has disappeared

The co-founder of the on-chain analysis platform glassnode, Negentropic, posted on the X platform stating that ETH is quietly brewing its next breakthrough. It has now re-established itself above the 50-day moving average, showing a trend breakout with momentum continuing to rise. This situation has occurred twice before, and the trend of a strong rebound is accelerating. The bearish window for ETH and other cryptocurrencies has disappeared.

Negentropic previously stated that rising prices of hard assets such as gold, silver, and copper usually trigger better performance and a structural bull market transition for Bitcoin. Global liquidity is shifting from financial tightening to expansion, and cryptocurrencies will be the biggest beneficiaries.