What’s Next For ETH? 🚀
X user Wealthmanager thinks ETH is hitting 3,000 relatively soon. They claimed there’s barely any resistance between 2,750 and 3,000 adding that the next impulse up is just a matter of time. Popular analyst Michael van de Poppe argued Ethereum is entering an interesting zone and climbing over current levels might spark a whole new phase. “If this area breaks the next area of resistance is likely 3,400 and that would mean we’re back into a new range. I don’t think we’ll see anything sub 2,000 in the near future again” he said. Trader Tardigrade spotted an inverse head and shoulders setup on ETH’s 3 day chart so the asset looks primed for a massive breakout projecting a rally to 4,100. X user Gerla seems like one of the biggest optimists maintaining the cryptocurrency is still ridiculously early in this move and forecasting a potential explosion to a new historical peak of 10,000. “The next Ethereum run could surprise a lot of people” he added. Meanwhile ETH investors have been pulling coins off Binance at a pace not seen in three years which cuts immediate selling pressure reflects long term holding and strengthens the bullish vibe 🖤.Bull Trap Vibes? 💀
Of course not everyone is certain this will keep pumping. Earlier this month X user DANNY claimed ETH is setting up for a huge trap and envisioned potential capitulation to 1,500 reaching a cycle bottom by the end of the year. The analyst who goes by Midas echoed a similar prediction envisioning a retest of the 1,700 to 1,800 range and then a drop to as low as 1,400. “But I still don’t expect ETH to make the same kind of new cycle lows as BTC. ETH has been showing much stronger relative structure and I still think it will outperform once this correction is finished. There is just one major downside target left to clear before the real expansion starts. So short term I’m bearish on ETH. Long term this setup can become one of the strongest opportunities of the cycle” they added. 🌙✨🕸️🦇💜🪦🕷️👻Just another echo from the void by iconofsin.eth 💖
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