ETHEREUM TOWARDS $4,500? 📢
Ethereum reserves on exchanges drop to October 2024 levels, preceding the last 75% rally.
Fibonacci targets point to $4,541 as the next objective; bulls must hold $3,047 to remain in control.
Ethereum remains strong near $3,400, increasing by over 7% day over day and surpassing a key resistance level.
This occurs as both on-chain data and futures market data suggest that the rally may still have room to grow. A deeper analysis of reserves on exchanges, funding rates, and price structure reveals that Ethereum could be on track for a movement of over 30% towards $4,500.
