Ethereum is showing renewed upside momentum, fueled by a bullish breakout and hidden bullish divergence. Analysts attribute this upward trend to increasing DeFi applications and institutional investment, leading to growing buying pressure. The recent formation of an ascending triangle, further supported by open interest above $40 billion, suggests that the price could break through the resistance level of $4,811.71, potentially setting off a run towards $5,200-$5,500. The bullish divergence, where the oscillator shows lower lows while price maintains higher lows, highlights hidden buying strength, reinforcing expectations of continued upward movement. Meanwhile, the overall market activity remains high, with open interest exceeding $40 billion and strong whale positions suggesting a significant commitment to ETH’s potential breakout.