ETH has bounced back hard after hitting a new all time low below $1.5k, climbing to $1,756 by 22nd of April — a solid 24% rebound from the local low. And this wasn’t just a fluke. The fundamentals are flashing green too.
ETH holders wallet activity has significantly increased in the past few days. Typically, when wallet activity goes up while price is down, it often hints at stronger hands stepping in. Hence, possibly, a price move brewing beneath the surface.
Ethereum just printed a Golden Cross on the charts — that classic bullish move where the short-term moving average crosses above the long-term one. It’s basically Wall Street’s way of saying, There's something big might be coming.
ETH also pushed into the lower band of the Ichimoku Cloud, a spot that often teases trend reversals. If it clears the cloud, it could be game on for the bulls. As of now, at the time of writing this article, ETH is being traded around $1,800 and has seen a significant jump in its price by 13.65% in the past seven days and as of now, its market cap stands at $216 Billion.