BULLISH 📈 : Ethereum poised for 140% rally to surpass $4,900 ATH

Crypto analyst Javon Marks suggests Ethereum could potentially break its all-time high of $4,900 due to a Hidden Bull Divergence Pattern. He predicts a possible 140% rally, leading ETH to around $5,000 by mid-year.

  • Despite struggling below $2,000, there is potential for a bullish reversal as ETH shows positive response to a Bullish Divergence pattern.
  • Marks forecasts Ethereum might reach $8,500 in the broader macro picture.

Ethereum

However, Standard Chartered has adjusted its year-end target for Ethereum from $7,000 to $4,000, citing declining institutional demand and ETF outflows. The bank also warned of a potential drop to $1,300 before recovery.

  • The ETH ETFs have shown four consecutive months of net outflows.

Potential Drop to $1,136

Analyst Trader Tardigrade highlights a Bearish Pennant formation that could lead ETH to $1,136. This pattern indicates possible further downward movement after current consolidation.

  • Tardigrade remains optimistic long-term, suggesting Ethereum could eventually rally to $7,000 following a recovery phase.

As of now, Ethereum trades at approximately $1,968, showing recent gains.