Ethereum Surges Beyond Expectations: Is a 50% Rally Possible?

Ethereum has recently broken free from its prolonged consolidation pattern, achieving record highs and surpassing the $327 billion market cap mark. This surge is attributed to factors such as expanding DeFi applications and increased institutional investment. Technical indicators suggest that Ethereum might experience one of its strongest monthly performances in recent history, leading to speculation about a potential rally exceeding 50%. Let’s delve into what these technical signals reveal: