Ethereum’s Aave (AAVE) Breaks Out, Signaling Potential for Growth

Aave (AAVE), a popular decentralized platform for lending and borrowing crypto assets, has entered a bullish phase after months of downward pressure. The price has broken out from a bearish structure and surged over the $175 mark, signaling a potential shift in market sentiment. 28% increase in trading volume suggests increased participation by traders. Analysts point to a key monthly fair value gap as a catalyst for this surge. This marks AAVE’s first higher high since the start of the year and confirms the end of its downtrend. 12% price gains puts Aave currently at $176.67, with further upside potential.