Ethereum Price Enters Bullish Expansion, Analyst Reveals How High It Can Go In February
If you know where you look, Ethereum still shows signs of upward power. The leading Altcoin is now in the expansion of the bullish, Analysts predict this Its price may exceed the key resistance level in the next few weeks. According to the encrypted analyst TED pillow, Ethereum has entered the expansion stage of watching the bullish, and at the edge of a major rally. peak.
The expansion of the bullish bullish will be $ 4,500 in February of the Taifang
According to TedEthereum transformed into a expansion phase after completing the accumulation and manipulation phase of the two fronts. These stages were drawn within the time range of 3 hours of candlesticks and started in the last two weeks of January.
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this Cumulative stage The upper limit of Ethereum transactions is within the scope of $ 3,520 and $ 3,185, respectively, and Ethereum transactions are emphasized. After this cumulative stage, Ethereum entered a brief introduction, but Volatile manipulation stage Between January 27th and January 29th, it finally made a rebound of $ 3,000.
On January 30, Ethereum officially separated from the control stage, marking the beginning of the expected expansion stage. TED believes that this breakthrough is a key turning point because it marks the beginning of a strong rally. Considering this expansion phase, encrypted analyst TED predicts that Ethereum price will be assemble At least $ 4,500 in February Before the new historical highest point in March.
It is worth noting that the foreground of analysts is based on the combination of breakthroughs From the technical mode In the market’s emotions, he pointed out that Ethereum’s underestimation has now been revealed.
ETH’s breakthrough depends on the price mark of $ 4,000
exist Separate technical analysisTED emphasized that Ethereum is breaking the wedge -shaped pattern from the daily candlestick. Based on this model, he expects that ETH can get $ 4,000 in eight to ten days after the breakthrough. His prediction is based on the historical price changes in Ethereum, especially in 2021 and 2024, with reference to two similar breakthroughs. Both of them have caused 40 % of the speed to surge within the same time.
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In another analysis, Ted pointed out Ethereum has formed a higher low in a long period of time. He emphasized that it is very important to recover the 4,000 US dollars, because this is the way to lays the highest target of the new historical goal as Ethereum. According to his predictions, a decisive breakthrough higher than this key level will reach a stage between Ethereum from 9,000 and $ 10,000 in the next three to four months.
In addition to technical indicators, the pillow also pointed out the potential impact of Donald Trump’s participation in Ethereum. He suggests Trump continues to accumulate ETH can further exacerbate the rally. This accumulation is Latest acquisition The World Liberty Financial is worth $ 10 million in ETH, a encrypted company related to Donald Trump and his family.
When writing, the transaction price of Ethereum was $ 3,261.
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