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Ethereum Prepares For Massive Run After $2,800 Reclaim – ‘Up Only’ Ahead?
- Ethereum (ETH) is aiming to surpass its January 2025 price range, with analysts predicting a 10% surge before reaching new highs.
- ETH has reclaimed the $2,800 level, approaching $2,900, after trading within the $2,475-$2,680 range since May.
- Analyst Carl Runefelt suggests Ethereum has broken out of an ascending triangle pattern and targets the $3,100 resistance level.
- Runefelt forecasts a 15% surge if ETH holds above the crucial resistance level, potentially climbing another 10.7%.
- Ethereum's ETH/BTC pair has also formed a bullish pennant pattern, indicating a possible 30% increase towards the 0.03300 mark.
- Market Watcher Kaleo draws parallels between ETH's current performance and its trajectory in 2020, suggesting the potential for a significant bull run.
- While Ethereum faced a recent sell-off due to the Trump Tariffs scare, analysts believe reclaiming key support levels could lead to a new all-time high.
- Analyst DonAlt notes that ETH's chart appears promising with the HTF range reclaim, with the potential for a new ATH if the $3,800 resistance is broken.
- ETH is currently trading at $2,803, reflecting a 6.7% increase in the daily timeframe.
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