#ETH๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ
Trade ETH now . . . strong bullish confirmed might rally upto 12k .โคโค$ETH
๐ผ๐ฃ๐๐ก๐ฎ๐จ๐ฉ ๐๐ง๐๐๐๐๐ฉ๐จ ๐๐ฉ๐๐๐ง๐๐ช๐ข ๐๐ง๐๐๐ ๐ฉ๐ค $12๐ ๐ผ๐๐ฉ๐๐ง ๐๐๐๐ค๐ง ๐ฝ๐ง๐๐๐ ๐ค๐ช๐ฉ ๐ผ๐ข๐๐ ๐๐ง๐๐ ๐๐ง๐ช๐ข๐ฅโ๐จ ๐๐๐ง๐ฃ๐๐ฃ๐ ๐ฉ๐ค ๐๐๐ค๐ง๐ฉ ๐๐๐ก๐ก๐๐ง๐จ
Ethereum has broken free from a long period of consolidation, igniting renewed bullish narrative across the market. Currently trading at $4,191.02 after a 5.84% daily gain, Ethereum is seeing heavy institutional interest, including BlackRockโs recent purchase. Eric Trump has publicly warned bears to stop betting against Bitcoin and Ethereum, further boosting sentiment. With this backdrop, analysts like Captain Faibik are forecasting a run towards $12000 in the next cycle.
Ethereumโs price action confirms a decisive breakout from a multi-year symmetrical wedge, ending a prolonged consolidation phase. The long-term chart shows a resounding bullish move beyond the resistance level and the bulls are now aiming at $12,000 according to market analyst Captain Faibik.
Thus, it will be important to maintain the reclaimed support to carry through to maintain momentum. Overall, the breakout has shifted sentiment firmly in favor of the bulls.
The rally is supported by strong volume of buying and steady higher highs which are indicative of trader confidence. The bullish formation is also suitable with a positive market arrangement regarding long-term gains.
BlackRockโs acquisition of over 65,000 ETH, valued at approximately $271.8 million, has strengthened Ethereumโs bullish outlook. Such a major acquisition is indicative of strong endorsement by the institution and may encourage other large-scale investors to make similar moves.
This stacking does not only soak up selling, but also supports price bottoms on a long time scale.