Negentropic, co-founder of Glassnode, announced that Ethereum (ETH) is poised for a breakout, having surpassed its 50-day moving average. This marks a trend breakout with increasing momentum, suggesting the end of the bearish phase for ETH and other cryptocurrencies. Negentropic highlighted that the rising prices of hard assets like gold and silver often lead to improved performance for Bitcoin and signal a structural bull market shift. He noted that global liquidity is transitioning from financial tightening to expansion, positioning cryptocurrencies as major beneficiaries.