Ethereum Rebounds Above $2,500 with Bullish Targets Towards $4,500
Ethereum's price has recovered above $2,500 after dipping to $2,440, following a peak of $2,770 over the past week. Analyst KlejdiCuni suggests this price action aligns with anticipated scenarios, indicating potential bullish momentum.
Key Points from Analyst's Outlook
- Ethereum is viewed as entering a larger bullish trend.
- The $2,440 level is confirmed as a strong accumulation zone.
- A bullish pattern with higher lows is forming, resembling an ascending channel.
- A rebound to $2,660 may lead to a breakout target of $2,800.
- Breaking above $2,800 could initiate a bullish trend towards $3,300.
- Further upward movement beyond $3,300 targets $3,800, significant for overall sentiment.
- A long-term target of $4,500 is projected, nearing Ethereum's all-time high of $4,878.
Currently, Ethereum trades at $2,521, reflecting a 0.7% decrease in the last 24 hours.
