Ether (ETH) rose 3.5% on Wednesday, approaching $4,500 after sweeping liquidity near $4,200 earlier on Monday. The move coincided with a bullish divergence between the price and the relative strength index (RSI) on the four-hour chart, as well as a breakout above a two-week falling wedge formation. Both technical patterns typically point toward potential upside continuation.
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Ethereum price has shown a classic breakout pattern, with resistance levels being broken repeatedly and the bulls taking control of the market. Strong liquidation , upward-sloping moving Medium , and a rising RSI indicate clear bullish momentum. on-chain data confirms that large wallets are buying, reinforcing confidence in ETH’s short-term potential. If Ethereum price holds above $4,700, traders could soon see a challenge to $5,000, in line with the technical scenario in previous bull cycles.
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Watched the Patron demo day this morning, and I have to say - I haven’t been this bullish on Infinex in a long time. It’s been a bit quieter around Infinex lately, but it turns out there were plenty of very good reasons for that.
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