It's likely there are some good things coming for ether, the native token of the Ethereum blockchain. Second to bitcoin, it's the largest most invested in crypto in the world, and lately it looked like it was losing its shine, well until now. There's been a growing sense that a short-term push is coming, and I think the optimism may be reasonable.
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In the crypto world, we know that when a coin seems to be hovering around a key resistance level and it's able to break through, the likelihood of a bull run is higher. According to many analysts I have read from, especially on the bitcoinist.com platform, if ETH can push past its current range of 2700, it wouldn't be a surprise to see it hitting 3K and above, even to its ATH of over 4K. (My speculations)
Main reason I think so is the new institutional investors' interest in ETH.
The spot ETH ETFs are really gaining some traction, and it's the institutions that are really loading up on them. The big boys don't just dump their money anywhere if they don't have convictions or even arguably insider information that the rest of us may not have. When it comes to the retailers, well I think the meme coin hype is cooling down, so eventually they would return to the solid projects, and you would agree with me that Ethereum has always been a safe bet in the long run aside from bitcoin.
I believe that if money starts rotating back into ETH, that momentum shift that causes a bull run could happen faster than most would expect.
Not financial advice, but I see that technical indicators are also giving some bullish signals.
The TD sequential indicator (a tool to identify potential trend reversals and continuation points in price charts) which helps traders to spot areas where an asset is overbought or oversold suggests that ETH could be on the verge of another bull run up.
So when I consider multiple factors lining up like this, it gives me the confidence to make an entry while it's cheap. Now, I'm not saying ETH is going to skyrocket overnight, but I feel it's a moment crypto people should at least pay a little attention to. The signs seem to be visible, at least to my little knowledge and if ETH follows through, I trust 70% it will happen.
Then again, always DYOR before investing whether signs are clear or not.
