Ether whale interest is slowly reemerging after summer illiquidity, with technical chart patterns pointing to an imminent price reversal.
Ether could be nearing a price breakout based on its current valuation combined with improving macroeconomic conditions following the summer slump in crypto markets.
Ether (ETH) could be near its local price bottom, following an over five-month downtrend that started at the end of March.
Based on a key technical chart pattern, Ether could be set to break this downtrend, according to crypto analyst and entrepreneur Michaël van de Poppe, who wrote in a Sept. 9 X post:
