Ethereum is a “reverse head and a large shoulder” – the goal of $ 20,000 on the horizon?
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ETHEREUM now tests critical resistance after a sharp gathering that caught the attention of analysts and merchants alike. After days of strong upscale momentum, ETH regained a brand of $ 1,800, with more than 18 % of its value since Tuesday. The impressive bounce signals were originally confident amid the global uncertainty of the macroeconomic economy and fluctuations in the financial markets.
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According to senior analysts, Gert Van Lagin, Ethereum could be about to historical ending. In a joint modern artistic analysis on X, Van Lagen pointed to a 4-year-old reverse head and formed on the graph for a week of ETHEREUM-a classic upscale reversal sign. As both shoulders are confirmed, the formation of the scheme is aimed at a long -term price target around the level of $ 20,000.
This development comes at a time when Ethereum continues to enhance its basics on the chain and restore the investor’s attention. Although the upcoming resistance levels remain difficult, the penetration that exceeds 1800 dollars, in addition to the long -term setting, ETHEREUM mode as one of the most promising assets in the current encoded currency scene. If market morale continues to shift in favor of encryption assets, ETH may enter a strong expansion phase of $ 2000 and beyond hand.
Ethereum is preparing for a gathering that is a long -term reverse style
ETHEREUM is currently trading 57 % less than its highest level in the year 4100 dollars, and many investors feel that complete recovery is still far away. However, the increasing optimism is the appearance throughout the market as the encryption assets begin to restore momentum despite the increasing total economic tensions and a trade war that deepens between the United States and China. With arrows under pressure, Ethereum and other leading cryptocurrencies appear to be independent paths – something seen as a strong thunderbolt mark.
According to senior analysts Van Lagin, Ethereum can be about to end. In his speech Technical analysisVan Lagen highlights a massive reverse head for 4 years and the shoulder pattern that develops on the Eth Weekly graph. This classic reflection formation indicates a long -term bullish structure in play. If confirmed, Van Lagen believes that the style can send ETH to an ambitious goal of $ 20,000 in the next market round.
One of the main factors in Van Lagen’s analysis is the last disposal of retail merchants. It indicates the formation of the right shoulder as a moment of surrender, indicating that many short -term holders have left their positions, which led to a stronger and more sustainable move.
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ETH price tests after recovering the key
ETHEREUM is currently trading at $ 1740 after restoring both 200 MA and EMA for 4 hours, and the main technical indicators that are now tested as short -term support. This restoration is a positive indication of the bulls, indicating that the momentum is built after a strong bounce from its lowest level. However, the next critical step is to pressure the psychological and technical barrier at $ 2000.
The decisive break and daily closure above the $ 2000 sign would confirm the reflection of the trend and may open the door to a stronger recovery gathering. This level has been resistance several times during the past months, making it an important standard for merchants. The bulls must defend a $ 1,740 area to maintain the current structure and build the issue of the continuous upward upward movement.
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On the other hand, if ETHEREUM fails to restore $ 2000 and lose the $ 1700 support zone, the additional negative pressure may push the ETH to the monotheism area. Such a step would indicate hesitation in the market and may delay any meaningful outbreak in the short term. Currently, keeping the reclaimed moving averages is necessary because Ethereum is trying to establish a base for its next movement.
Distinctive image from Dall-E, the tradingView graph
