Veteran trader Peter Brandt believes that Ethereum is on the verge of a bullish turnaround. He has identified an inverted Head and Shoulders formation on the daily chart of Ethereum, which is a classic buy signal in technical analysis. If Ethereum can hold above the neckline at $2,745, a breakout may occur. Additionally, data from IntoTheBlock shows that Ethereum's network is stronger than ever with over 5 million active addresses across its mainnet and Layer 2 networks. While some investors see Ethereum's long-term future improving, others are concerned about short-term hazards. Despite its challenges, the potential for a bullish breakout in Ethereum is hard to ignore, and investors should consider various market factors when assessing its future.



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