Ethereum Breaks Resistance, Bulls Rally Despite Bear Market Noise

XForceGlobal shifts its bearish stance on Ethereum, highlighting the blockchain’s strong macro structure and resilient price action. The trader now believes in a bullish outlook, citing support from a key Fibonacci level and the potential for further upside driven by ongoing DeFi growth and institutional interest. Despite recent declines across the cryptocurrency market, ETH has defied traditional bearish sentiment and remains above the 61.8% Fibonacci retracement, suggesting continued strength.