Ethereum With Thursday approaching its end, it continues to make waves in the wider cryptocurrency sector, even if prices are again below the 2,700 level. In recent weeks, ETH has shown significant bullish behavior, highlighting the possibility that several crypto analysts will rise significantly towards higher levels in the short term.
The key zone leading Ethereum to a new peak
Given the weakness of the current market, Ethereum lost some of its upward momentum at $2,800 after facing resistance. Despite this short pullback, ETH’s recent trends point to large gatherings. Ongoing uptrend expansion.
X platform veteran crypto expert traders look into price action, prediction The newest surge in history. According to technical analysts, Ethereum is currently navigating a critical technical zone that could serve as a driving force for one of the biggest gatherings to date.
Looking at the chart, this important zone is called the impulse wave zone. Experts believe that ETH may be preparing for a strong surge into a new peak, as this zone has historically preceded its massive front Upward breakout movement.
Defined by a massive drop following a robust recovery in the final cycle Fast reboundexperts claim that ETH is currently in the impulsive wave zone. As impulse wave zones are known for their prominent bullish influence on prices, recent emergence means that the next major movement of ETH may already be in motion.
With momentum building and Ethereum challenging key resistance levels, trader delays foresee a significant upward move towards a $18,000 milestone representing a rally near 700% from current price levels. The chart shows it altcoin It could reach this untouched level by the second half of next year.
Is ETH taking over the crypto market?
Trader paralyzed predictions may be supported by the fact that the market is slowly changing towards the Ethereum season. Please take a look ETH/BTC chart clearly That Ethereum is gaining bullish momentum as the pair rebounds from a support level of 0.018 each month.
Furthermore, ETH prices form the formation of bull flags on daily charts. The formation of bull flags is usually a technical pattern that precedes a continuous upward trend, suggesting that altcoin’s bullish run is not finished yet. When ETH breaks out of bull flag patterns, experts suggest that it is huge Increases the price to $4,000.
Crypto analysts like Javon Marks have it It was predicted A sustained uptrend after hitting this important level last December. When indicators line up to meet the gathering, Javon Marks believes Altcoin’s next target is $4,811. Experts expect an additional 78% +78% upside from this zone, pushing ETH to over $8,500.
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