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glassnode Co-founder: The bearish window for ETH has disappeared
PANews, December 9—According to a post by Glassnode co-founder Negentropic on X, ETH is quietly preparing for its next breakout and has already climbed back above the 50-day moving average. This indicates a trend breakout with momentum continuing to rise. This situation has occurred twice before, and the strong rebound trend is accelerating. The bearish window for ETH and other cryptocurrencies has disappeared. Previously, Negentropic stated that price increases in hard assets such as gold, silver, and copper usually trigger better performance and a structural bull market transformation for Bitcoin. Global liquidity is shifting from financial tightening to expansion, and cryptocurrencies will be the biggest beneficiaries.