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60% of Ethereum hasn’t been moved in a year; will this bolster its uptrend?

Ethereum has found itself caught within an intense uptrend over the past day, with its overnight upswing invalidating the firm downtrend that the crypto has been caught within against its Bitcoin trading pair.

60% of Ethereum hasn’t been moved in a year; will this bolster its uptrend?

Photo by Şahin Yeşilyaprak on Unsplash

Ethereum has found itself caught within an intense uptrend over the past day, with its overnight upswing invalidating the firm downtrend that the crypto has been caught within against its Bitcoin trading pair.

It now appears that the cryptocurrency could be well-positioned to rally even higher in the near-term if it is able to break above one key trendline that has previously been suppressing its price action.

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