Ethereum’s Price Still In The Major Uptrend – Analyst Forecast Potential For Further Gains

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ETH: The Uptrend That Just Won’t Quit 😏

<a href="https://usdinrusd.com/eth-usd/">Ethereum</a>‘s Price Still In The Major Uptrend – Analyst Forecast Potential For Further Gains

So, the crypto market is still all over the place, like my aunt at a family reunion 🤪. Ethereum, however, is still holding on to its major uptrend, despite the volatility. Because, you know, it’s a resilient little thing 💪.

Ethereum Gearing Up For A Bullish Run?

Meet Ether Naysonal, a market expert and trader who’s not buying the whole “Ethereum is doomed” narrative 🙅‍♂️. According to him, ETH is still in its major uptrend, and it’s just waiting for the right moment to make a comeback 💥.

Now, I know what you’re thinking: “But what about the $3,000 price level?” 🤔 Well, Ether Naysonal says that ETH has consistently held the $2,615 support level, which is basically a big fat thumbs up 🤞.

However, for Ethereum to make a quick recovery, it needs to close above the $2,820 mark for one day. And if it does, watch out for a potential breakout towards higher levels 🚀. But, if it doesn’t… well, let’s just say it’s back to the drawing board 📝.

And here’s the thing: Ethereum has been experiencing some serious adoption and interest, despite the occasional price corrections 📈. This growing institutional interest, combined with rising on-activity, might just be the key to unlocking the expected upside move 🔓.

Ether Naysonal has a bone to pick with individual investors who are selling their ETH holdings, while institutional investors are buying up a storm 🚨. I mean, come on, guys! The big players are buying, and you’re selling? 🤦‍♂️

Take Blackrock, for example. They’ve purchased over 100,535 ETH, valued at $284 million 💸. And Fidelity? They’ve acquired about 9,552 ETH, worth around $26.39 million 🤑. Meanwhile, individual investors are just… well, selling 🤦‍♂️.

A Surge To New All-Time High Imminent

Now, let’s talk about the chart 📊. Market expert Jonathan Carter says that ETH is still trading within a Symmetrical Triangle pattern in the weekly time frame 🤯. And once it breaks out of that triangle, watch out for a push towards higher targets 🚀.

Carter’s talking about targets like $3,100, $4,000, $4,850, $6,000, and $7,500 🤯. So, yeah, it’s looking pretty bullish out there 🌞.


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2025-02-06 19:28