Leading experts predict that Ethereum prices show strong potential for price increases, and support his statement with promising technical indicators and market trendsExcitingly, Ethereum (ETH) is seeking a significant comeback, with a target price range between $1800 and $1900. This optimistic outlook comes as Bitcoin (BTC) sets a new high due to false reports of spot ETF approvals, and the counterfeit currency market shows signs of recovery
Leading experts predict that Ethereum prices show strong potential for price increases, and support his statement with promising technical indicators and market trends
Excitingly, Ethereum (ETH) is seeking a significant comeback, with a target price range between $1800 and $1900. This optimistic outlook comes as Bitcoin (BTC) sets a new high due to false reports of spot ETF approvals, and the counterfeit currency market shows signs of recovery.
Ethereum is a leading counterfeit currency, currently trading at $1615 per token, but analysts are closely monitoring its growth potential. Ali Martinez, a well-known figure and expert in the cryptocurrency industry, pointed out a striking pattern on the three-day chart.
Textbook style pricing behavior
Martinez stated that Ethereum is on the brink of rebound and is preparing to break through the rising triangle shape. To verify this prediction, it is crucial for the closing price to be firmly above the 18 day Simple Moving Average (SMA). Only by firmly anchoring above this level (possibly marked by the daily candlestick) can ETH pave the way for further growth.
The price range of $1800 to $1900 per ETH has attracted considerable attention. This region marks a 50% to 61.8% price correction since the long-term decline since mid April, which is a textbook style correction by market standards.
As Ethereum approaches these key price levels, the market will have a clearer understanding of its future trajectory. Observers expect that breaking through and consolidating these key levels will open the green light for further upward momentum.
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