ETH Chart Looks Better Than Ever Amid Bullish Liquidity Clusters

Crypto analysts believe that Ethereum's chart is looking better than it has all year. According to experts, bullish liquidity clusters are forming on both the upside and downside of ETH's price movement.

The upside formation is significantly larger than the downside, with some estimates suggesting a 20x to 30x increase in liquidity. This suggests that there is more buying power driving the market upwards.

One analyst, Doctor Profit, has even gone as far as to say that he expects ETH's price to outperform BTC in the coming bull cycle phase. He believes that ETH could break above its major downtrend resistance line and push out of the daily cloud.