Ethereum Surges Over 20% to Reclaim $4,200 Price Level
Ethereum has increased over 20%, reclaiming the $4,200 price level for the first time since 2021. Key points include:
- Potential next barrier at $5,000.
- A technical analysis suggests the current rally may have a limited duration.
- Trader Orbion sold 33% of his ETH holdings, advising to fully exit within two months.
- The current market phase is Optimism, with expectations of reaching Market Peak/Euphoria by October 2025.
Orbion's strategy includes selling remaining ETH holdings by October 31, predicting aggressive price acceleration leading up to that date. Potential price targets are:
- Short-term target between $5,800 and $6,000.
- Long-term projections range from $4,800 to $12,000.
Ethereum is currently trading at $4,270, reflecting a 20.5% increase over the past week.
