BlockBeats News, August 20th - Renowned trader Doctor Profit stated in a post that Ethereum has thoroughly broken through the key resistance area of the bear market and has re-entered the "golden zone (weekly EMA50)" for the first time since the beginning of this bear market.

Doctor Profit believes that this breakthrough is an important technical signal for ETH and has advised to "fasten your seat belts," while mentioning that shorts will face pressure.