tldr; Jack Ma’s reported Ethereum reserve has boosted market sentiment, with Ethereum trading near $4,456 and eyeing a breakout above $4,800. The cryptocurrency is consolidating within an ascending triangle pattern, suggesting potential upside targets of $5,000–$5,200. Despite $66M in net outflows indicating profit-taking, derivatives data and accumulation trends support a bullish outlook. Market sentiment has been further bolstered by speculation around Ma’s strategic reserve, drawing parallels to corporate accumulation trends in Bitcoin’s cycle.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Jack Ma’s reported Ethereum reserve has boosted market sentiment, with Ethereum trading near $4,456 and eyeing a breakout above $4,800. The cryptocurrency is consolidating within an ascending triangle pattern, suggesting potential upside targets of $5,000–$5,200. Despite $66M in net outflows indicating profit-taking, derivatives data and accumulation trends support a bullish outlook. Market sentiment has been further bolstered by speculation around Ma’s strategic reserve, drawing parallels to corporate accumulation trends in Bitcoin’s cycle.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.