ETH Breaks Out After Bullish Divergence, Altcoin Momentum Building
By: coindoo|2025/05/11 06:45:05
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In a recent post, van de Poppe emphasized that a higher low had formed on ETH’s chart, setting the stage for an explosive breakout. The latest price action validates the bullish divergence and confirms a clear trend shift to the upside.“The higher low confirmed, and then, a massive breakout took place. The trendswitch is clear,” wrote van de Poppe.Chart Breakdown: From Divergence to BreakoutThe accompanying chart shows ETH/BTC forming a falling wedge pattern that resolved decisively to the upside. Key elements highlighted include:Liquidity zone taken outCrucial resistance brokenStrong follow-through with expanding volumeETH’s strength in the BTC pair reinforces market-wide optimism surrounding altcoins, with the analyst suggesting this is just the beginning. .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: Bitcoin Could Be Leading Global Monetary Trends, Says Analyst Altcoins Showing Weekly Bullish DivergencesWhile ETH shows a daily bullish divergence, van de Poppe notes that many altcoins are flashing weekly bullish divergences — a longer time-frame signal that often precedes sustained uptrends.The post ETH Breaks Out After Bullish Divergence, Altcoin Momentum Building appeared first on Coindoo.
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