Ethereum Traders Say Eth Price Setting Up “Biggest Move of the Cycle” to $16K

Ethereum Traders Say Eth Price Setting Up “Biggest Move of the Cycle” to $16K
Ethereum Traders Say Eth Price Setting Up “Biggest Move of the Cycle” to $16K

Main meals:

  • The ether returns to resistance at $ 4,000, but strong technical technologies and high institutional demand may push ETH to discover prices.

  • ETHER is the price of ETH, the price of ETH is up to $ 16,700.

ETHER (ETH) is trading by 23 % less than $ 5,000, which was absolutely reached in November 2021, where the level of $ 4000 is still the main resistance to the fracture.

Many analysts believe that the largest Altcoin is ready for a fracture in the “largest movement in the cycle”.

The ether technicians target the five -numbers ETH price

The ETH price has already increased by more than 300 % since the lowest level in the cycle is about 880 dollars in June 2022. Thus, its price drew many patterns of plans in the monthly time frame, indicating an imminent interruption in the upward direction.

Related to: ETHEREUM at ten o’clock: Best Eth Corporalate AS Wall Street Eyes Crypto

Investor, well -known encryption, Ivan technology subscriber A scheme that shows the ether looking for the outbreak of a similar triangle, indicating a huge upward step once it is confirmed.

The scalp target was $ 7,709, or an increase in the price of 105 % over the current levels.

Eth/USD monthly graph. Source: Ivan on technology

Analyst Bitcoinsensus said about the style of the similar triangle in ETHER on the monthly graph, Adding:

“You are not ready for what will happen.”

Mikycrypto Bull, famous analyst Mikycrypto, shared the chart that also shows ETH prices as an upward triangle in the same time frame over a five -year period.

Ethereum has been set for a large fracture. He said On Wednesday’s publication on X, adding:

“A very critical moment for Ethereum.”

The pattern will be dissolved as soon as the price collapses over the resistance line of the triangle at $ 4000. If this happens, the price may rise by the maximum distance between the trend lines of the triangle.

This puts a great goal in Ether in the period 2025-2026 at about $ 16,700, increasing more than 350 % of the current price levels.

Eth/USD monthly graph. Source: Cointelegraph/Tradingvief

The MACD MACD varied index (MACD) has produced a “bullish cross” on the monthly graph.

Previous cases show that ETH tends to height sharply when the MACD (blue) line crosses over the (orange) signal line. The gains were 2000 % during the 2020-2021 and 130 % cycle in the second quarter/2023.

“Ethereum is based on a monster step, with a monthly climbing candle and fresh MACD specifications,” He said Merlin, a circulating analyst, adding:

“Breaking $ 4200 and $ ETH will be torn as in 2021.”

Many analysts are optimistic about the ETH price raised to a five -digit area, where Defi Defi Defi said that Altcoin could reach $ 30,000 based on its last performance.

Spot ethe etfs see 18 consecutive days of flows

The net net flow, which is 218 million dollars on Tuesday, a series of positive flows for 18 days, as a total of more than $ 5.3 billion since July 2.

The net cumulative flows in these investment products now exceed $ 9.6 billion since its launch in July 2024.

Ethereum stain flow ETF. Source: sosovalue

In addition, the ETHER Treasury companies like Sharplink Gaming, which acquired a total of 438,000 ETH at a value of more than $ 1.69 billion, enhances the demand by integrating ETH into corporate budgets.

This institutional purchase, along with ETF flows, indicates an imbalance in the demand provider, According to To BitWise Cio Matt Hougan, where ETHEREUM 800000 ETH is released annually for an expected request worth $ 20 billion.

Strong ETF flows support, corporate accumulation, and ETHEREUM basics support a strong emerging issue for ETHER prices.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.

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