Abdullah Zia
Ethereum Bullish Divergence — Accumulation Opportunity
Despite a 2.66% price decline on the candlestick chart, multiple on-chain metrics and technical indicators are painting a strongly bullish picture for Ethereum. Technical Analysis: The Point and Figure (PnF) chart has confirmed a Double Top Buy signal — a classic bullish breakout pattern that historically precedes significant upward price movement. This signal combined with the current price dip suggests smart money accumulation is underway. On-Chain Analysis: Exchange reserves have decreased significantly indicating investors are moving ETH to cold wallets reducing available selling supply. Exchange net flow remains negative confirming more ETH is leaving exchanges than entering — a clear accumulation signal. Ethereum block size has surged 34% reflecting extraordinary growth in network activity and demand for ETH block space. While net flow showed a slight 6% increase suggesting minor selling pressure the overall on-chain data remains overwhelmingly bullish. Conclusion: The convergence of a PnF Double Top Buy signal declining exchange reserves negative net flow and 34% block size increase strongly suggests the current price decline is a temporary dip and accumulation opportunity. Medium to long term outlook for ETH remains strongly bullish.