At present, as Ethereum (ETH) experiences bullish momentum, its followers are advocating for a so-called “supercycle.” It is a theory that says that the present industry cycle will break from the patterns that repeat historically, which leads to positive growth. This optimism is from ETH’s recent network progress, institutionalization, and the increase in DeFi.
The coin is now being oversold, as seen in the chart provided by TradingView. The relative strength index indicator (RSI) shows the coin under the median of 50, at 35.10, and 28,62, which signifies the selling pressure.
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The “supercycle” narrative of ETH suggests that the coin could experience a long upward momentum. This can happen due to real-world use cases, tokenization, and growth in value. Major ETH developers and cryptocurrency traders argue that the coin’s foundational space in Web3, NFTs, and the layer-2 environment makes it special to all volatility patterns.
“You’re not just buying a coin anymore, you’re buying access to a global settlement layer for digital value. That’s something Wall Street has yet to fully grasp,” said a spokesperson from a leading Ethereum infrastructure firm.
Ethereum’s developers get ready for the coming “Pectra” upgrade, which promises more improvements to scalability and UX. The clash between cryptocurrency-native optimism and traditional finance skepticism goes on to define the market narrative.
Whether the “supercycle” proves to be positive or merely conjectural hype can depend on how well ETH bridges its technological potential with tangible, real-world adoption.
Amid increasing tokenization of pilots by large financial institutions, Ethereum’s price remains volatile, and its adoption outside the cryptocurrency-native sector is still in the primary stages. Wall Street is watching, but from a distance.
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