Ethereum Breaks Through Resistance, Approaching a Potential Breakout

Recent price action for Ethereum has been marked by notable developments. The ETH/BTC ratio has hit a multi-year low, signaling potential for a bullish reversal. Moreover, Ethereum’s price against USDT (ETH/USDT) is consolidating within a descending triangle pattern on the 4-hour chart, suggesting an imminent breakout soon. This confluence of factors suggests that Ethereum may be poised for a significant move.