Ethereum Soars Past 4-Year Downtrend, Surges with Q3 Gains Near 69%

Ethereum has shattered its four-year downtrend, igniting renewed optimism in the cryptocurrency market. The breakout is reflected in a strong monthly price performance, with a nearly 69% gain this quarter, a record for the altcoin. This bullish momentum is fueled by growing decentralized finance (DeFi) activity and increasing investment from institutions. The recent MACD indicator has confirmed a positive technical shift on the chart.