Ethereum Reversal Alert: The Downtrend Is Over - Here’s Why
Ethereum's slump appears finished as technical indicators flash bullish signals across the board.
The Rebound Catalyst
After weeks of sideways movement, ETH is showing the first genuine signs of sustainable momentum. Key resistance levels that previously capped gains are now breaking like cheap promises from traditional finance executives.
Technical Breakthrough
The charts don't lie - critical moving averages are converging while volume patterns suggest institutional money is quietly accumulating positions. This isn't retail FOMO; it's smart money positioning for the next leg up.
Market Psychology Shift
Fear has dominated recent sessions, but the sentiment tide is turning. Traders who missed Bitcoin's run are now eyeing Ethereum as the undervalued play - because nothing motivates crypto investors like the fear of missing out twice.
Just remember: in crypto, 'the bottom' is only confirmed after you've already bought the dip and survived the margin calls.
Pentagon backs MP in rare earth push
The announcement follows a memorandum of understanding signed in May between MP and Maaden. The new deal finalizes the terms and puts real capital into play.
The refinery will serve as a critical supply base for rare earth materials used in military systems, electric vehicles, clean energy infrastructure, and semiconductor manufacturing.
MP is also in separate talks with Saudi officials to set up local magnet production inside the country. While those discussions are still ongoing, the aim is to add another LAYER of domestic manufacturing capacity outside of China.
This latest MOVE builds on a July agreement between MP and the Pentagon. That deal gave the Defense Department an equity stake, a price floor, and a guaranteed supply agreement (offtake) with MP to support U.S. efforts to reduce dependence on China, which currently dominates the global rare earth market.
MP’s CEO James Litinsky called the company the United States’ “national champion” for rare earths. The minerals are essential for guided missile systems, radar, and fighter jets, as well as commercial sectors like electronics and EV batteries.
Wall Street also took notice. Goldman Sachs began coverage on MP this week, setting a price target of $77, which suggests a 32% upside from Monday’s close.
Analyst Brian Lee told clients: “We believe MP’s downstream expansion into refining and magnet production, accelerated by a partnership with the U.S. government, will strategically position MP as a key supply chain component for rare earth refining and magnet production.”
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