Ethereum On Path To A Continued Breakout - Will It Pull Other Altcoins?
MarketPulse by OANDA Group
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2026-05-02
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via All Articles on Seeking Alpha
Summary
- Ethereum has slowly broken out of its October downtrend that had led to its progressive but brutal 64% correction.
- Ethereum has now officially consolidated above its key $2,100 to $2,300 pivot zone and pushed above its downward channel.
- Ethereum is forming an intraday tight bull channel after finding its bottom at the FOMC, right around the 4H 200-period MA.
Getty Images
By Elior Manier
Ethereum has slowly broken out of its October downtrend that had led to its progressive but brutal 64% correction.
Global disinterest in high-beta, AI, and tech assets had shunned interest in cryptocurrencies, but with the conflict turning
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