Ethereum Breakout: Golden Cross, Bullish Pennant and ETF
Ethereum don rally pass $2,780, as e dey supported by renewed demand from big institutions and record high CME futures open interest wey pass $3.27 billion. ETF money wey dey enter Ethereum don strong for eight weeks, reach over 61,000 ETH. Ethereum on-chain analysis show say golden cross dey form together with bullish pennant pattern, wey dey supported by rising trading volumes. Analysts dey warn say critical 72-hour window dey come, dem talk say if e fit maintain strength against Bitcoin dominance, e fit show say altcoin season don land. Market drivers include Trump-supported 'blue-chip' crypto ETF wey fit come and ongoing macroeconomic wahala. Traders suppose watch well for clear breakout above resistance as e dey go $3,000–$4,000, but dem gats still dey careful about regulatory and volatility risks.
Bullish
Di strong institutional demand, steady ETF inflows, record-high CME futures open interest, plus bullish technical indicators (golden cross and bullish pennant) di show say Ethereum price get support both now and for future. Short term, di technical patterns and di rising volumes dey point say e get high chance say price go breakout reach $3,000–$4,000, wey go ginger momentum traders. Meanwhile, di possible approval of Trump-endorsed ‘blue-chip’ ETF fit reduce barrier for new institutional capital, support ongoing inflows and reduce pressure for sellers. But traders suppose still dey watch regulatory developments and macroeconomic volatility wey fit cause correction. Overall, di combined fundamental and technical factors dey bullish for ETH, with upside risks pass near-term wahala.