Ethereum’s Accumulation Phase Ends – What’s Next?

Ethereum has successfully broken above the accumulation zone, indicating a potential bullish continuation. The price is now approaching a critical descending trendline resistance (blue line), where a breakout could trigger further upside momentum.

Key Observations:

Breakout from Accumulation: The price has cleared a consolidation phase, suggesting renewed buying interest.

Next Resistance (Green Box): The immediate hurdle is the descending trendline resistance within the green box. A breakout and successful retest of this level could push the price toward the next major resistance.