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After weeks of lateral consolidation and uncertainty, Ethereum seems to have reversed a large psychological and technical angle. Bullish Momentum In the past five days, the Ethereum price action has led to the level of $ 2,200 with conviction and rising by more than 32% in the last seven days alone. The outbreak comes as Bitcoin crossed the six -digit brand Again, the collection of the wider crypto market with that.
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According to the technical analysis of Ethereum’s daily candlestick map, this rally is more than just a response to Bitcoin; It is the Start of a new upward trend in the long term.
$ 2,200 breakout confirms strength, analyst explains the end of the Berenmarkt
The recent increase has been lifted Ethereum far beyond $ 2,000, A price level that functioned as a ceiling at the end of March and early April. According to by technical analysis On the TradingView platform of Crypto Analyst Masterananda, the Berenmarkt van Ethereum is finally over.
This comment was made in the light of what the analyst called a real bullish campaign, in combination with really high volume in recent days. This in turn confirms a very strong high in the coming weeks and days, with Ethereum growing non-stop daily for months.
The recent rally has taken the price above the lows of 5, 2024 and 3 February 2025, marked on a graph placed by the analyst on TradingView. The graph also shows that Ethereum is convincingly freely broken of a steep falling channel pattern that had caught its prize for months.
The outbreak is convincing because a large green candle accompanied by unusually high trade volume the outbreak, Provide credibility to the display That the bear phase is now over.
“This is only the beginning,” wrote the analyst, and added that the path from Ethereum to recovering his all-time highlights is already going on.
$ 5,791 a ‘simple’ target, $ 10,000 before 2026 ‘Doable’
According to Masterananda’s analysis, the current Rally Ethereum could easily bring to the 1,618 Fibonacci extension level near $ 5,791.78. He describes this target as ‘easy’, given the strength of the outbreak and the capital influx that seems to build behind it.
Reaching the price target of $ 5,791 would Translate into an outbreak For unknown price areas above the current highest highlight of Ethereum of $ 4,878. However, the prediction does not stop there. An Ethereum of $ 10,000 is not only possible, but probably before the end of 2025 due to institutional money and retail sentiment that flows into the market.
The graph illustrates Ethereum’s recovery path with various Fibonacci levels, which shows resistance and retracement points, ranging from $ 2,421 for the 0.382 extension to $ 5,791 in the 1,618 extension.
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The analyst noted that around $ 250 billion in capital could eventually flow into the cryptomarket during this Golf, with $ 10 to $ 15 billion already in the game. He claims that the euphoric phase will start as soon as the remaining capital arrives.
At the time of writing, Ethereum acts at $ 2,395.
Featured image of Unsplash, graph of TradingView
Credit : www.newsbtc.com
