Ethereum price gives signals of recovery at a significant level of support. The TD Sequental indicator indicates the possibility of a strong rise by burning a purchase signal on the weekly trading channel.
A strong leap in the price of Ethereum is expected
Ethereum is currently fluctuating around $ 2,700 and has not experienced a significant price change on a weekly basis. However, with a strong bull wave, it has the potential to go over $ 3,000 in the short term.
Crypto analyst Ali Martinez said TD Sequental indicator gave a strong bull signal for Ethereum. Historically, it is seen that ETH made significant leaps during the periods when this indicator gives a purchase signal at the lower limit of the weekly channel.
Martinez used the following statements on his sharing on the X platform:
The same formation seems to be re -occurring right now. If the model works consistently, the rise of Ethereum may be inevitable.
Traders closely follow the lower limit of ETH’s weekly trading channel and await confirmation for a possible break.
Market analysts tend to bull in Ethereum
Although Ethereum’s price performance remains weak in recent years, market analysts think that ETH will experience a huge rise in the medium and long term.
Crypto analyst TED Pillows, Ethereum’s price chart, a double bottom (double-bottom formation occurred, and this may trigger a strong bull break, he said. Analyst said that Ethereum could go up to 7,000 dollars thanks to this formation and said:
This rise can be literally legendary.
Anthony Sassal, one of the important names of the Ethereum community, argued that although market sensitivity is low, Ethereum is under the serious value:
Currently, being optimistic about Ethereum may not be a popular view, but I believe Ethereum is largely low. I think we are ‘Ethereum acceleration’ and I am quite optimistic about the future of decentralized finance.
Call for a GAS limit increase from Vitalik Botterin
Ethereum’s founding partner, Vitalik Botter, argued that the gas limit should be increased to increase the process capacity of the network and strengthen censorship resistance. According to Butterin, increasing the gas limit can improve network security by improving the integration of Layer 2 networks.
In addition, Ethereum developers announced the increase in Pectra. The planned activation dates of the update are as follows:
- Houlesky Testnet: February 24, 2025
- Sepolia Network: 5 March 2025
- Main Network (Mainnet): April 8, 2025
This upgrade will bring significant innovations to improve Ethereum’s functionality and performance. Market analysts think that the Ethereum price can exceed $ 10,000 with the Pectra update.
