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While ETHEREUM (ETH) tried to restore its price range in January 2025, the cryptocurrency was retaining a recently recovered level, prompting some analysts to propose an increase of another 10 % before new levels.
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Ethereum Breakout Eyes $ 3,100
Ethereum has regained a barrier of $ 2800 for the first time since February, as it approached the level of $ 2900 on Wednesday morning. The king of Altcoins has been trading between 2,475-2,680 dollars since May, unable to convert the upper limits of the domain to support.
During the decline last week, ETH fell to supporting $ 2,400 before the bounce during the weekend. The Crypto Market recovered the ETHEREUM increase towards the main resistance, and finally disappeared at the beginning of the week, reaching the highest level in three months at $ 2,879 today.
After this performance, analyst Karl Ronville from the moon’s width male The cryptocurrency has separated from the formation of an upward triangle and is now aimed at resisting $ 3,100.
The analyst in the past highlighted the ETH Triangle style, which started at the beginning of the Rally Rally last month. During that period, the price was compressed between the support and resistance lines, with the latter on the brand of $ 2700.
It predicted an increase of 15 % towards the level of 3100 dollars if Altcoin recovers the decisive resistance level. Accordingly, another ETHEREUM 10.7 % can climb if it carries its current range.
Ronville also Duplicate Among another upscale formation in the ETH against Bitcoin (BTC). According to the ETH/BTC scheme, ETHEREUM also formed a pattern of the upscale flag during the May gathering.
Amid the recovery of this week, the cryptocurrency erupted from the upper boundaries of the training, and looked forward to a 30 % increase towards the 0.03300 mark.
Is it to repeat history?
Market Observer Calo High The similarity between the performance of the ETH between 2020 and 2025. According to the analyst, there are “many similarities in the plan to what we are now against where we were in 2020”.
As he explained, in the spring of 2020, ETHEREUM witnessed a large sale process, fueled by Covid-19, which sent its price to less than the main time-tight time support (HFT). However, as soon as the upward trend line was recovered as support, ETH was “until the next 20 months.”
Kaleo detailed the last sale, caused by the Trump tariff, sent Altcoin to the bottom of the multi -year rising support line, adding that “ETH is about to restore this line.”
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The analyst suggested that in the case of repeated date, investors can see “Great Great Bull Run and the accompanying alternative season.”
At the same time, the analyst Donalt Assure The ETH chart seems “very good” amid the restoration of its HTF range. For him, there is likely to be a new height at all times (ATH) if the resistance of $ 3,800 is reclaimed, while the gathering nullity level is near the brand of $ 2200.
As of this writing, ETH is trading $ 2,803, an increase of 6.7 % in the daily time frame.
Distinctive photo of Unsplash.com, Chart from Tradingview.com
