Worst Ethereum (ETH) Capitulation in History Actually Shows How Bullish It Is

Ethereum has endured a six-month capitulation, with 45.7 million ETH in losses, but on-chain data suggests this could precede a bullish phase. The price has rebounded to around $1,890, reclaiming the 26-day and 50-day moving averages. A decisive close above $1,935, the declining 100-day EMA, could strengthen the recovery.