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With the start of the new week, ETHEREUM (ETH) witnessed the second largest encrypted currency by significantly decreased, as it decreased by almost 10 % from the level of decisive support of $ 2500.
However, in the midst of this recession, a prominent encryption analyst selects Dr. Rabah four convincing The upward indicators This indicates that Ethereum may be ready to appear, which is likely to approach its height at all and even bypass it.
The main indicators indicate an upper turn
In a conversation mail On the X (Twitter previously), Doctor Profit shared visions of a long -term detailed detailed analysis of ETHEREUM. And it confirms that this evaluation is not related to the short -term noise or quick profits, but it focuses on the coming months.
“At the present time, ETH is the best chance in the market,” he said, highlights the main-technician and psychological indicators and the series-which supports its bullish position.
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Doctor Profit analysis is based on large -scale business data, focusing on high frame signals that usually indicate large market movements. Below are the four main indicators that he explained:
200 weeks Si -moving average (EMA) has served historically as a decisive level of support for Ethereum. During the previous market decline, such as Covid’s crash in 2020 and the bear market in 2022, the price recovered quickly after declining under this main threshold.
Given that a few weeks ago, the price was only 4 % of this support, the risk reward rate for potential investment is convincing. Doctor Profit estimates a potential move towards $ 8,000 to $ 10,000, which is approximately 200 % roughly, while the worst scenario of the worst cases provides just a negative side of only 20 %.
Doctor Profit sees the possibility of increasing ETHEREUM prices
The most prominent analyst as well Eyth price He was heading within a long-term upward channel, as she is currently approaching its minimum limits-a historically favorable entry point for investors.
Doctor Profit expects the outbreak of this channel in the coming months, targeting a brand of $ 4000, a level of multiple rejection operations.
However, the analyst confirms that every failed attempt approaches the price of ETHEREUM from the final end, as possible goals reach between 8000 to 10,000 dollars.
One of the most important patterns that are currently formed is the upcoming weekly triangle. It was this style Monotheism Since 2020, which indicates a strong bullish preparation.
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Dr. Rabah notes that the moves caused by such patterns often lead to great prices in prices, similar to modern trends observed in XRP. The effects of this composition indicate that Ethereum may be on a strong upward lips.
There is a large liquidity area around the area of $ 4,000, and is perfectly compatible with all of the expected penetration from the emerging canal and the emerging triangle.
This focus of liquidity can facilitate a strong response in the market, according to the analyst, which pushes ethereum through this decisive threshold and leads to great importance Upward movement.
Despite the current downward feelings surrounding ETHEREUM, which are characterized by non -fragmentation and high fear, Doctor proff emphasizes that institutional accumulation is high.
The record flows indicate the boxes circulating in ETHEREUM (ETFS) and the important withdrawal of the series that big investors define themselves to achieve future gains.
ETH is currently trading at $ 2420, a decrease of 10 % over the past 24 hours and over the past week.
Distinctive image from Dall-E, Chart from TradingView.com
