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Ethereum (ETH) Price: Could History Repeat with a 66% Q2 Surge After Dismal Q1?

  • Ethereum (ETH) price is currently at $2,062.20, showing a slight decline of 0.35% on March 26.
  • Technical analysts predict potential five-digit targets for ETH, ranging from $10,000 to $20,000.
  • ETH displays a pattern of higher highs and higher lows, with key resistance levels at $2,100 and $2,166.
  • Spot Ethereum ETF outflows have decreased since February, signaling a potential shift to inflows.
  • Q1 2024 was challenging for ETH with a 43% decline, contrasting Bitcoin's 23% gain.
  • ETH could rally significantly based on fractal patterns, potentially reaching $10,000 to $20,000.
  • If key resistance levels are flipped into support, ETH could target $2,600, $2,770, and $3,000.
  • CME gaps at various levels support bullish momentum, with a $4,000 target in April if buying pressure continues.
  • An inverse Head and Shoulder pattern on the weekly chart suggests a price target of $18,000 for ETH.
  • Despite a challenging Q1, historically ETH has seen a 66% surge on average in the second quarter since 2016.

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