ETH Breaks Out After Bullish Divergence, Altcoin Momentum Building

In a recent post, van de Poppe emphasized that a higher low had formed on ETH’s chart, setting the stage for an explosive breakout. The latest price action validates the bullish divergence and confirms a clear trend shift to the upside.

“The higher low confirmed, and then, a massive breakout took place. The trendswitch is clear,” wrote van de Poppe.

Chart Breakdown: From Divergence to Breakout

The accompanying chart shows ETH/BTC forming a falling wedge pattern that resolved decisively to the upside. Key elements highlighted include:

Liquidity zone taken out Crucial resistance broken Strong follow-through with expanding volume

ETH’s strength in the BTC pair reinforces market-wide optimism surrounding altcoins, with the analyst suggesting this is just the beginning.

Altcoins Showing Weekly Bullish Divergences

While ETH shows a daily bullish divergence, van de Poppe notes that many altcoins are flashing weekly bullish divergences — a longer time-frame signal that often precedes sustained uptrends.

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