Ethereum’s Wild Ride: Glassnode Predicts a Massive Rally 🚀

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If you think you’ve seen it all in the world of cryptocurrencies, think again. The co-founders of market intelligence firm Glassnode, Jan Happel and Yann Alleman (aka Negentropic), are here to remind us that Ethereum (ETH) is gearing up for a wild ride. 🎢

In a recent thread on X, these crypto gurus are predicting that Ethereum is currently in a strong accumulation phase, which could set the stage for a massive rally. If ETH can reclaim the $4,000 level as support, things could get explosive. 💥

According to Negentropic, Friday and Saturday might just be the best days to buy ETH, as these days have seen price declines in the last 30 days. “We might be lucky enough to experience one more retrace before ETH punches through $4,000,” they say. “Friday and Saturday have generally been for accumulating over the past month. Once it does, strap in, because the ride will be wild.” 🚀

The analysts also suggest that ETH might take a brief breather before making a sudden and strong move to the upside. “ETH with a small breather, but the next move is loading and will melt faces,” they add. 😱

But wait, there’s more! The Glassnode co-founders note that the increasing network growth metric for Bitcoin (BTC) is a bullish signal for ETH. This metric, which measures the number of users and transactions, has shown similar patterns in the past. “The last time our Network Growth indicator accelerated this strongly while liquidity reset was April 7th – the global bottom this year. ETH rallied over 100% from that point. It’s happening again. You know what comes next.” 📈

At the time of writing, ETH is trading at $3,955, up 3.2% in the last 24 hours. So, whether you’re a seasoned crypto veteran or a curious newcomer, it might be time to buckle up. The Ethereum rollercoaster is about to take off! 🚀

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2025-08-08 21:23