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Ethereum Accumulation Signals Big Move: $3700, $7,000 Targets Ahead
- Ethereum's current price is $2,429.43, showing a 7.56% daily increase and a 5.62% weekly decline.
- A symmetrical triangle pattern suggests consolidation and a possible upcoming breakout.
- Mid-term price targets for Ethereum are set at $3,700 and $4,450, with a long-term goal of $7,000.
- Accumulation phase near $2,200–$2,300 range provides potential long-term entry opportunities.
- Symmetrical triangle formation indicates market indecision before a breakout, with a mid-zone around $2,246 seen as a favorable accumulation area.
- Lower volatility and reduced trade volume during consolidation signal a potential breakout.
- Investors and traders view the current phase as ideal for accumulating Ethereum, especially since it hasn't seen significant price surges.
- Ethereum's breakout targets for the mid-term are $3,700 and $4,450, within previous resistance levels.
- Large holders accumulating Ethereum, with a rise in those holding over 10,000 ETH, suggests institutional buying.
- Despite macroeconomic uncertainty, technical analysis of Ethereum remains positive due to breakout possibilities.
- The long-term target for Ethereum is $7,000 based on sustained accumulation patterns and anticipated momentum post-breakout.
- Investors may consider entering between $2,200–$2,300 with a stop-loss around $2,000, and a breakout above $2,600 being a good continuation signal.
- Support indicators like RSI and moving averages are recommended for verification before entering.
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