🚀 Ethereum Gears Up for Bullish Breakout — Is a New All-Time High on the Horizon?
After falling below $2,440, Ethereum has recovered over $2,500 in the previous 24 hours. Ethereum has fallen from $2,770 in the previous week, but crypto researcher KledjdiCuni says it fits one of the expected pricing scenarios.
The expert now expects a positive wave. In his last post, KlejdiCuni listed many upside objectives for traders if Ethereum breaks out.
His study showed that the $2,440 area was a substantial accumulation zone.
KlejdiCuni showed a bullish trend on his daily candlestick price chart. This pattern has greater lows and persistent resistance around the upper border. This rising channel shape shows purchasers are progressively controlling Ethereum's price.
Ethereum's return to $2,660 has established a structure that might break above the present pattern, likely to $2,800. This is the upper resistance border of the bullish pattern, making it the first target for a price breakthrough.
Ethereum Price Targets
According to the researcher, Ethereum breaking over $2,800 barrier might start the projected upward surge. This sequence's first significant aim is $3,300. Ethereum's response should be watched, since it corresponds with a late January 2025 resistance level that fell down in early February 2025. Ethereum's clearance of this zone would indicate prolonged purchasing activity.
If Ethereum keeps rising over $3,300, $3,800 is next. An order block in early January prompted the first rejection when it sought to push toward $4,000 again, making this level technical. Breaking $3,800 to the upside would indicate bullish sentiment has returned to higher timeframes.
Finally, assuming the bullish wave continues, the expert expects $4,500. This level is close to Ethereum's all-time high of $4,878, which would signify a near-complete rebound from the bear market. Ethereum would reach cycle highs of $4,500.
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