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Ethereum Analyst Sets $12,000 Target – Fundamentals Signal A Bullish Phase

  • Ethereum's price surpasses $2,000 with a local high of $2,490, indicating a new bullish phase amidst optimistic market sentiment and Bitcoin near all-time highs.
  • Top analyst predicts Ethereum to reach $12,000 by 2025, fueled by strong fundamentals, growing institutional interest, and advancements in DeFi and tokenization.
  • ETH consolidates near $2,400 level after gaining over 35% in two days, with potential for broader altcoin rally as market anticipates sustained bullish momentum.
  • Key resistance levels for Ethereum at 200-day EMA and SMA, with support at $2,200–$2,250 range. Maintaining bullish structure could target $2,700–$2,900 range, while failure could lead to retesting $2,000 breakout zone.

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