Bull Market

Ethereum’s five-wave advance from the June low has kept the broader bullish structure intact, but the latest breakdown signals that a larger corrective phase is likely underway. Technical traders are watching for a bounce toward the mid-$2,000s before a potential decline toward the low-$2,000 area.

Bitcoin has closed above its 50-week moving average for the first time in 45 weeks, a technical development widely watched by long-term chart traders. The move has strengthened hopes that the latest bear-market low may already be in place, though the signal depends on BTC holding above the key average in the weeks ahead.