Date: 2025-04-30
Key takeaways:Ether price printed a rare monthly Dragonfly doji candlestick, which is often seen before major ETH bull market cycles.ETH is retesting its long-term parabolic support zone that preceded its historic 2017 rally.The MVRV Z-Score has entered the accumulation zone, signaling undervaluation.Ethereum’s native token, Ether (ETH), is flashing a combination of technical and onchain signals once seen in the early stages of its 2017 bull run, a cycle that produced over 25,000% gains.Dragonfly doji hints ETH bulls are regaining controlEther is flashing a rare Dragonfly Doji candlestick on its monthly chart, the same structure that preceded its historic 25,000% rally during the 2017 bull cycle.This pattern is confirmed when the price prin...
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