Ethereum Analysts Predict Potential Rally to $3,300 Amid Bullish Patterns
Ethereum is currently underperforming but analysts predict a potential rally. Key insights include:
- Analyst Crypto Bullet identifies a Morningstar Candle pattern, forecasting a rise to $3,300.
- Resistance at $2,500 may be overcome, with targets set at $3,100 and $4,000.
- Analyst Ash Crypto notes ongoing Wyckoff accumulation, suggesting bullish momentum.
- Predictions range from $5,000 to $10,000 in this market cycle, with several analysts backing these figures.
- A V-shape recovery structure suggests Ethereum could reach approximately $7,600 in the near term.
- Current trading price is around $2,450, down almost 6% in the last 24 hours.
