TL;DR
Ethereum mirrors global liquidity trends, exiting accumulation and entering a potential long-term bull phase.
$4,520 remains a key resistance level for ETH; a breakout could trigger a rally toward $4,800 or higher.
September may be weak, but Q4 often flips bullish, averaging gains across October to December.
Ethereum Moves With Global Liquidity Shift
Ethereum is showing a pattern that closely tracks the movement of global M2 liquidity. A chart shared by analyst Merlijn The Trader shows the price of ETH rising alongside broader liquidity growth.
Interestingly, the accumulation zone, marked below the $2,750 level, appears to have ended, as ETH enters a new phase labeled “Bull Run” on the chart. Merlijn said,
“Accumulation is done. The bull run is alive,” and added, “This isn’t hopium, it’s macro.”
The chart shows both ETH and liquidity moving higher, suggesting that Ethereum is responding to shifts in the broader money supply.
ETHEREUM IS TRACKING GLOBAL LIQUID
We współpracy z: https://cryptopotato.com/is-eths-long-term-bull-run-just-getting-started-this-data-says-so/
