The technical pattern looks good and the on-chain data supports the momentum of ETH. But the question is, is 20K a realistic target in the short term or a dream for the next cycle? 🤔
ManuelRD
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Bullish
🌋🌋🔥🚀🚀 The Ethereum Market has entered the "trust" zone. Will we see a price of USD 20K per ETH?
On-chain data suggests that Ethereum is in the “trust” stage of the bullish cycle amid new all-time highs, which opens the door to potentially even higher prices.
The long-term unrealized gains/losses indicator for Ether suggests that the price has entered the "trust" phase.
The market value versus the realized value suggests that ETH is undervalued, with room to reach USD 5,500.
The rounded bottom pattern of Ether points to USD 12,100. #MarketPullback #ETHBreaksATH #CryptoRally $ETH
$BNB
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