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Ethereum still shows signs of upward momentum if you know where to look. The leading altcoin is now in the upscale expansion phase, with Analysts expect that Its price can exceed the main resistance levels in the coming weeks. According to the Crypto Ted Bidows analyst, Ethereum entered the upscale expansion phase, which is about a large gathering that can push it to more than $ 4000 in the short term and for the new thing at all by March.
The upscale expansion put Ethereum for $ 4,500 in February
According to TedEthereum moved to the expansion stage after completing two previous stages of accumulation and manipulation. These stages have been set on the time frame for 3 hours candles and unveiled in the last two weeks of January.
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the Accumulation ETHEREUM trading is highlighted in a range between the upper and lower ends of $ 3,520 and $ 3,185, respectively. After this accumulation stage, Ethereum entered a summary but The volatile manipulation stage Between January 27 and January 29, before he recovered it at the end at the sign of $ 3,000.
On January 30, Ethereum officially erupted from the manipulation stage, which represents the start of the expected expansion phase. TED believes that this penetration is a major turning point, as it indicates the beginning of a strong gathering. With this expansion phase in mind At least $ 4,500 in February Before placing its scenes at the highest new level ever by March.
It is worth noting that the analyst’s expectations depend on a combination of penetration Of technical patterns The feelings of the market, and pointed out that the lack of the advanced value of Ethereum is now appearing.
ETH depends on the price sign of $ 4000
in Separate technical analysisTed highlighted that Ethereum explodes from a sporad pattern to drop on the time frame of the daily candle. Based on this style, he expected the ETH to reach $ 4000 within eight to ten days after fully confirming the penetration. His expectations are based on the historical price movements of Ethereum, especially in reference to two similar collapses in 2021 and 2024, both of which led to a 40 % increase in the same time frame.
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In another analysis, Notice that ETHEREUM is the lowest level in the longer time frame. He stressed that the restoration of the $ 4,000 sign is very important at the present time, because doing so will pave the way for Ethereum to target new levels at all. According to his projections, a decisive break above this main level will determine the road until Ethereum reaches between $ 9,000 and $ 10,000 during the three months to the next four.
Regardless of technical indicators, the pillows indicated the potential impact of Donald Trump’s participation in Ethereum. Suggest Trump’s continuous accumulation From ETH can fuel the assembly. One of these accumulation is The latest acquisition $ 10 million in ETH by World Liberty Financial, a CheckPer company of Donald Trump and some members of his family.
At the time of writing this report, Ethereum is traded at $ 3,261.
Distinctive image from Adobe Stock, Chart from TradingView.com
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