The post Ethereum Signals Possible Breakout as Bullish Indicators Align appeared on BitcoinEthereumNews.com.

Ethereum (ETH) seems to be on the edge of a mighty breakout, as both indicators and fundamentals point toward a renewed buildup of bullish momentum. For the first time since September 2024, Ethereum’s Daily Ichimoku Cloud—a resource trusted among tech analysts—now appears to be signaling a bullish reversal. Is $ETH gearing up for a breakout? For the first time since Sept 2024, Ethereum’s Daily Ichimoku is flashing signs of a potential reversal. Last time this happened, ETH went on a multi-week run. Will history rhyme again? Next 35–42 days could be critical. Thinking of… pic.twitter.com/O8HkPatEj7 — MisterSpread (@MisterSpread) April 29, 2025 Historically, when this indicator has turned positive as it has now, ETH has tended to embark on a sustained multi-week rally. Traders are now watching closely to see if Ethereum might once again follow in the footsteps of its own recent history. The Ichimoku Cloud tracking indicator follows three plot lines. A bullish cross on the indicator means that the leading plot lines have moved into a position where they indicate bullish price action. One of the clear formations that can occur on the indicator is when a line is seen coiling, which tends to happen when the market is in consolidation. During this event, if we then see the line coil in the opposite direction, it lets us know that the market has moved from consolidation into an impulse move. Whale Accumulation Sends a Strong Signal Increasingly, the bullish argument is being enriched by the sharp growth in whale accumulation. In just the past few hours, Ethereum whales have gobbled up about $50.24 million worth of ETH. These large holders are often precursors to big market moves, serving as early indicators of broader trends for us little fish. Ethereum whales are accumulating $ETH. They bought $50,240,000 $ETH in…

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Filed under: News - @ April 30, 2025 12:26 pm