Is Ethereum about to soar? ETH price could surge 100% in 10 weeks!

ETH is at a critical moment, with a major market movement imminent!

The market is becoming increasingly cautious about ETH's future trends, as a breakthrough of key resistance could trigger a new round of explosive growth. Currently, Ethereum has eased upward pressure, and if it can maintain strong momentum, it could not only break through the current range but also boost overall market sentiment.

Key resistance test: Can the bulls regain strength?

Recently, ETH has faced repeated obstacles when trying to break through key resistance levels, which may be the result of massive trading inflows during the previous pullback leading to a lack of strength among bulls. However, bullish sentiment has not faded; ETH spot ETFs have recorded net inflows for six consecutive days, suggesting that the market may be in a calm before the storm.

Technical signals: The market is brewing a major movement!

ETH recently broke below a descending wedge pattern, which is typically seen as a bearish signal, with some traders even predicting that the price could retest $2000. But the bulls did not allow the bears to take it easy; ETH rebounded strongly, RSI touched bottom and rose, and the CMF indicator returned to positive territory, indicating that the market is building strength and could explode at any moment!

ETH breaks pressure, aiming straight for $3000!

Since September 2024, ETH has fallen below key support but is trying to regain lost ground. Currently, the lower Bollinger Band support has been tested, and the market may see a strong rebound around $2850, further challenging the $3000 mark. However, to hold this position, the bulls still need to maintain their efforts!