Ethereum Price Spikes 5% In A Day—Will the Rally Continue?
Ethereum seems to be recovering the momentum, showing a significant recovery after recovering the level of $ 3,200. In the past day, assets have soared by more than 5 %, making its market value and daily transaction volume higher.
This recent movement has reduced the difference between the current price of Ethereum and the highest historical highest point to 33 %, which has made investors pay close attention. Various analysts right Potential impact In this price action, short -term and long -term mixing is provided.
Analysts discuss key levels and future goals
The famous encrypted analyst Elite pointed out that Ethereum’s toughness faces the Fed’s “eagle signal”. Analyst WriteThe
Although it was the Fed’s hawk signal yesterday, ETH still exceeded the $ 3,200 mark, showing impressive toughness. But this is not all-chain activities are soaring.
According to the Intotheblock data, in the past few months, the initiative of the Ethereum address has increased by 37 % to 670,000, exceeding the level of 400,000 in early 2024.
Some people regard the sharp rise of online activities as a sharp rise in online activities Signs show that demand continues to grow With the development of the New Year and the momentum of looking up.
Several other analysts also shared their views on the price trajectory of Ethereum. Worldofcharts emphasized Cryptocurrency merger In the close range, a bullish Pentagon is formed.
He suggested that successful breakthroughs from this model can push Ethereum to a resistance area of $ 4,000. The rising triangle level, which was previously outlined in his analysis, may be a key milestone in the upward trajectory of assets.
$ eth #ETH Consolidating within the close range of Bullish Pennant, it is expected to break through soon. The successful breakthrough in Ethereum can rising the triangle resistance area for the 4,000 US dollars “I have recently shared” https://t.co/gq5sybikfa pic.twitter.com/b36VRNN9QM
-The Chart World (@WORLDOFCHARTS1) January 30, 2025
Ethereum is on the road of $ 9,000?
Another famous analyst, TED, emphasized that Ethereum’s heights at a longer period of time show a enhanced bullish structure. He is sure The key to $ 4,000It is predicted that its recovery may be the highest historic.
Ted goes further, predict that Ethereum can reach 9,000 to 10,000 US dollars in the next three to four months Bullish conditions persist in. This optimism is supported by the growing chain activities and the interests of continuous investors.
Ethereum has formed a higher low in a longer period of time.
$ 4K is still the most critical level, and its recovery will send $ eth To the new ATH.
Once this happens, I expect Ethereum to reach $ 9,000 to $ 10K within 3-4 months. Trump will be more and more
pic.twitter.com/c3ffvxh8xl
-Taye (@Tedpillows) January 29, 2025
Use the characteristic image created by Dall-E, the chart of TradingView
