Ethereum Mirrors 2017 Breakout Pattern After Reclaiming 50-Week MA

Ethereum’s current price surge mirrors the historic breakout pattern of 2017, with investors seeing renewed bullish momentum fueled by a technical rebound. The cryptocurrency has reclaimed its 50-week moving average, and analysts attribute this trend to rising institutional demand and reduced supply in the market. According to experts, if current trends continue, $10,000 could be reached within a short timeframe.