A naukri.com initiative
Bitcoinist
3w
321
Image Credit: Bitcoinist
Ethereum Eye Potential Parabolic Upsurge – Here’s The Short-Term Target
- Ethereum has surged above the $2,600 resistance level, indicating a renewed uptrend in response to bullish sentiment in the crypto market.
- Crypto analyst BATMAN suggests Ethereum is poised for a potential parabolic upsurge in the coming weeks based on technical indicators and key patterns.
- BATMAN's analysis anticipates Ethereum to bounce strongly from current levels, aiming for key resistance levels, with $2,900 highlighted as the next short-term target.
- Key resistance levels ahead include $2,657, $2,773, and $2,879, with Ethereum expected to encounter brief pullbacks before surging towards each barrier.
- The trend line support and current setup reinforce the bullish case for Ethereum, potentially leading to an explosive rally towards the $4,000 price mark according to BATMAN.
- Santiment data indicates that Ethereum's key investors, including sharks and whales, are accumulating the digital asset, with wallet addresses holding between 100 and 1,000 ETH showing increasing conviction in ETH's long-term prospects.
- Over the past 30 days, this investor group has accumulated more than 1.49 million ETH, representing a 3.72% increase, and currently holds 26.98% of ETH's total supply.
Read Full Article
19 Likes
For uninterrupted reading, download the app