Is the accumulation trend a hint at an ETH price of $5,000?
In contrast, Percival, an authoritative analyst from #CryptoQuant, shed light on significant differences in ETH trading on the spot market in 2021, 2024, and 2025. The analyst explained that ETH trading volume will decrease by 84% from $52 billion in January 2021 to $8 billion in 2025.
— "This means that the demand for Ethereum is quite low during this bull market.
In other words, retail interest has sharply declined during this bull market, despite whales replenishing their #ETH wallets. LINE_BREAK Could the head and shoulders reversal pattern lead ETH to BTC? As most of the market exited the Ether downturn last month, many traders saw the current market conditions as a potential opportunity for growth.
Indeed, derivatives trader Alex said that the market was, according to the trader, liquid on both sides.
Although $5,000 is an achievable target for Ethereum, the $4,100 level remains the closest hurdle. Ethereum has broken above the downward trend line twice since 2024, but the $4,100 resistance line has not been overcome.
Thus, for Ethereum to reach $5,000, $4,100 must provide support on daily and weekly charts. If Ethereum rises above the aforementioned levels, it could climb to $5,000, but until then it needs to grow against bearish odds.
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