Analyst Predicts Blow Off Top To $3,300 In One Week, Here’s Why
Ethereum’s price shows strong signs of a potential breakthrough as analysts predict a gain of $3,300 per share in just one week. This forecast suggests Ethereum is expected to successfully violate key resistance levels, indicating an imminent Price recovery Go to a new high.
Analyst project Ethereum price recovers to $3,300
Ted Pillows, an encryption analyst for X (formerly Twitter) shared Despite the high expectations of Ethereum price Recent economic downturn. Analysts predict ETH can hit $3,300 in just one week, highlighted Key technical models and changes in price action to support his predictions.
Related Readings
Pillow points out one Symmetric triangle The technology model appears on the Ethereum chart. This formation is usually considered Bullish Patternafter a period of integration, break through to the price that is about to break through.
The crypto analyst described his expected Ethereum rally as a “short-term pump”, which means that ETH can easily be done in the days to come Achieve new goals. The pillow highlights the breakthrough area of ​​Ethereum on its price chart. Currently, the cryptocurrency is trading at $2,688, close to the key resistance level. If it can break the symmetric triangle pattern and break Resistance level About $2,750, then analysts think there could be a surge of $3,100 to $3,300.
Pillows are expected to return after Ethereum’s expected rise to $3,300 Merge area. This suggests that Ethereum may have a slight Price correction And consolidate within that price range for a while. Interestingly, analysts predict that once ETH has completed integration, it will go through another rally for the next target.
this Ethereum prices have fallen Over 18% in the past month Slow growth and sensitivity of market volatility. If Ethereum prices may head to Pillow’s estimated target of $3,300 next week, then cryptocurrencies will be moving towards a much-needed price recovery.
Although cryptocurrencies like Bitcoin, Solana and XRP have all encountered Highest point in history During this bull cycle, Ethereum failed to experience a strong enough rally to return its price to its all-time high. However, analysts still exist Bullish Regarding Altcoin’s future prospects, strong fundamentals and bullish technical indicators are emphasized.
Eth Flash Bullish Bullish Bullish Bullish Signal
According to crypto analyst Merlijn, Ethereum just now Flashing Buy signals on daily price chart. Analysts also pointed out Moving Average Convergence Difference (MACD) The flip was bullish and marked the potential of an upward trend.
Related Readings
Trader Merlijn revealed that Ethereum pumped more than 66% of people to new highs last time that was aligned in this way. This historical pattern suggests that Ethereum may see similar upward movement in the future. As a result, analysts expect ETH potential to soar to $2,800, a 4% increase from the current price.
Featured images from Unsplash, charts from TradingView.com
