Ethereum (ETH) may be preparing for a large explosion. Analysts say price movements are very similar to Bitcoin’s previous bull run. If this similarity persists, ETH may experience a historical rise.
Critical levels for the breakage of Ethereum
Crypto analyst Titan of Crypto said Ethereum’s current market structure is very similar to Bitcoin’s third cycle. Bitcoin was consolidated in a symmetrical triangle at that time and then made a harsh rise.
Currently, Ethereum is a similar model in its fourth cycle. If ETH translates $ 3,000 as support, it can gain a strong momentum for $ 4,000. If this area is exceeded, the likelihood of Ethereum to reach the highest levels of all time may be strengthened.
Factors that strengthen Ethereum’s bull wave
Analyst Tedpillows, Ethereum’un recently said that the expansion stage. ETH, which has been in the process of accumulation for a long time, can begin a strong rise with this break.
The Pectra update will bring great innovations to the Ethereum network in March 2025. Faster trading times, lower costs and increasing scalability can increase the demand for Ethereum. This upgrade can support the price increase by pulling developers more to the Ethereum ecosystem.
ETF entrances and corporate interest are increasing
Corporate interest in Ethereum also increases. US -based Spot Ethereum ETFs received an introduction of $ 505 million between 30 January and 5 February. These entrances show the confidence of major investors to Ethereum. Blackrock’s Etha Fund was the biggest purchase of this process. Blackrock, which collects $ 579 million ETH, believes that Ethereum will gain even more value in the future.
In addition, Eric Trump’s support for Ethereum created a new wave of speculation among individual investors. Although such explanations do not directly affect Ethereum’s price, investor may increase short -term rise by increasing the interest.
What’s next for Ethereum?
Ethereum approaches $ 3,000, while the market awaits a big break. Technical indicators and increasing institutional demand show that Ethereum is preparing for a strong rise.
If ETH increases over $ 3,000 and approves it as support, the levels of $ 4,000 and higher can be inevitable. Investors should closely follow these critical levels in the coming days!
