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Ether's Price Chart Now Mirrors a Pattern That Foretold Bitcoin's Record Rally
Ethereum's ether (ETH) has broken its eight-month corrective trend, resuming its broader uptrend from October 2023 lows near $1,500, as indicated by the three-line break chart. This breakout mirrors Bitcoin’s mid-October rally, which led BTC to surge 45% to over $96,000. Ethereum's bullish case is further supported by increased activity on its network, including higher "blob" postings by layer 2 protocols, reducing ETH supply through burning. Investor interest is growing, with U.S.-listed spot ether ETFs seeing a record $332.9 million inflow. These factors strengthen Ethereum's bullish momentum alongside broader crypto market optimism.