Ethereum Darts Through $2,844 as Strategic Accumulation Signals Bottom Hunters Emerge
Ethereum surged 26% this week, hitting $2,844 after bottom hunters emerged. Strategic buyers pushed past resistance as ETH reclaimed critical EMAs, with institutional confidence evident in $50M USDT borrowing. ADX at 42.5 signals genuine trend strength from oversold bounce. Traders await if momentum can hold above reclaimed levels or if $3,000 resistance will be defended.