Ethereum Poised for Breakout Amidst Macro Trends
A notable correlation between Ethereum (ETH) and the Russell 2000 Index, sensitive to interest rate changes, suggests an imminent ETH breakout. As central banks signal potential interest rate cuts, both assets are expected to rise.
Ethereum's yield-generating capability offers a unique advantage in a declining rate environment. Analysts anticipate a 'risk-on' shift, with capital rotating from safe havens into risk assets like ETH. Technical indicators, including a 'cup-and-handle' pattern, further support a bullish outlook. Analysts project ETH could reach new all-time highs, with targets around $5,200 and potentially $8,500.


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