PANews reported on December 9th that Negentropic, co-founder of the on-chain analytics platform Glassnode, stated on the X platform that ETH is quietly preparing for its next breakout, having already climbed back above the 50-day moving average, indicating a trend breakout with continuously rising momentum. This has occurred twice before, and the strong rebound is accelerating, suggesting the bearish window for ETH and other cryptocurrencies has closed. Negentropic previously stated that rising prices of hard assets such as gold, silver, and copper typically trigger better performance for Bitcoin and a structural bull market transition. Global liquidity is shifting from financial tightening to expansion, and cryptocurrencies will be the biggest beneficiaries.PANews reported on December 9th that Negentropic, co-founder of the on-chain analytics platform Glassnode, stated on the X platform that ETH is quietly preparing for its next breakout, having already climbed back above the 50-day moving average, indicating a trend breakout with continuously rising momentum. This has occurred twice before, and the strong rebound is accelerating, suggesting the bearish window for ETH and other cryptocurrencies has closed. Negentropic previously stated that rising prices of hard assets such as gold, silver, and copper typically trigger better performance for Bitcoin and a structural bull market transition. Global liquidity is shifting from financial tightening to expansion, and cryptocurrencies will be the biggest beneficiaries.
GlassNode co-founder: The bearish window for ETH has closed.
PANews reported on December 9th that Negentropic, co-founder of the on-chain analytics platform Glassnode, stated on the X platform that ETH is quietly preparing for its next breakout, having already climbed back above the 50-day moving average, indicating a trend breakout with continuously rising momentum. This has occurred twice before, and the strong rebound is accelerating, suggesting the bearish window for ETH and other cryptocurrencies has closed. Negentropic previously stated that rising prices of hard assets such as gold, silver, and copper typically trigger better performance for Bitcoin and a structural bull market transition. Global liquidity is shifting from financial tightening to expansion, and cryptocurrencies will be the biggest beneficiaries.
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