ETH recent pump was an indication of things to come -- good things.
The coin went from 1700 to 1900 within 72 hours -- indicating that a longer shifting trend is about to materialize. Based on recent news, low supply of ETH is being detected on most exchanges depicting a bullish scenario for the coin.
On weekly data, new higher lows was created both on Histogram and pricing -- conveying the recent ascend with the current price range to be the new base for the incoming significant price growth.
Weekly data price movement volatility has been on the conservative side hinting that for every higher low it established -- it is creating a solid support range.
On Tri monthly data -- it is hinting of the same bullish continuation scenario. Surging price valuation on longer time spectrum. A bubble up volume has finally appeared after 5 months of waiting, last one was on January 2023.
Expect significant price valuation for ETH in the next coming weeks.
The weekly chart is too clean, direction is certain -- no further explanation needed.
Spotted at 1850.
TAYOR
Safeguard capital always