Direct answer
Momentum still skewed positive after breakout. Higher lows forming on pullbacks. Layer-2 activity and staking flows supporting price.
Most likely bullish catalysts
Layer-2 activity surge
Improving layer-2 activity surge can support a stronger bid in Ethereum.
ETF narrative shift
Improving etf narrative shift can support a stronger bid in Ethereum.
Staking inflows increase
Improving staking inflows increase can support a stronger bid in Ethereum.
What confirms the rally
- Confirm the move is supported by layer-2 activity rather than a thin short squeeze.
- Check whether leadership across related crypto markets is also improving.
- Only trust continuation if the chart holds gains after the first impulsive push.