The increase of ETHEREUM, which exceeds $ 2,200, says that the bear market has ended, the analyst calls $ 5,791 “an easy goal
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After weeks of unifying the sides and uncertainty, it seems that Ethereum has turned on a large psychological and technical angle. In the past five days, the bullish momentum has caused ETHEREUM prices to the level of 2200 dollars with condemnation, as more than 32 % have risen in the past seven days alone. The penetration comes Bitcoin crossed the sixth sign numbers Once again, raise the broader encryption market with it.
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According to the technical analysis of the daily candlestick scheme in Ethereum, this gathering is more than just a reaction to Bitcoin; that it From the long -term upward trend.
2,200 dollars confirm strength on strength, and the analyst declares the end of the bear market
The last increase raised Ethereum exceeds $ 2000, The price level that was a ceiling in late March and early April. According to For the published technical analysis On the TradingView platform by the Crypto Masteranda analyst, the Ethereum’s Bear market has finally finished.
This comment has been presented in light of what the analyst called a real fasting work, along with a really large size in the past few days. This, in turn, confirms a very strong rise in the coming weeks and days, as Ethereum will grow without stopping daily for several months.
The last gathering Take the price above August 5, 2024 and February 3, 2025, was highlighted, a scheme published by the analyst at TradingView. The graph also shows that ETHEREUM is convincingly freed from a sharp descending channel pattern that was besieging its price for several months.
The penetration is convincing because a large green candle with an unusually high trading size was characterized by a collapse, The credibility of the lending of the offer The bear stage is now over.
“This is only the beginning,” the analyst wrote, adding that the ethereum road towards restoring its levels at all at all times.
$ 5,791 “Easy” goal, $ 10,000 before 2026 “implementable”
According to Masteranda analysis, the current gathering can easily carry ETHEREUM to the extension level of 1.618 Fibonacci near $ 5,791.78. This goal describes as “easy”, given the power of penetration and the flow of the capital, which appears to be building behind.
Access to the price of the price of $ 5,791 Translation into the outbreak To the non -transmitted price areas above the highest level in the current ETHEREUM ever ever $ 4,878. However, the prediction does not stop there. ETHEREUM worth $ 10,000 is not only possible, but most likely before the end of 2025 due to institutional funds and retail morale entering the market.
The graph shows the ETHEREUM recovery path with various levels of Fibonacci, indicating resistance and retreat points ranging between $ 2,421 at a stretch of 0.382 up to $ 5,791 at a stretch of 1.618.
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The analyst noted that about $ 250 billion of capital could eventually flow to the encryption market during this wave, with $ 10 to $ 15 billion in playing. He argues that the orgasm stage will start as soon as the remaining capital is entered.
At the time of writing this report, Ethereum is traded at $ 2,395.
Distinctive image from Unsplash, tradingvief chart
