Ethereum's Next Big Move: Can ETH Skyrocket 60% to $4K Before This Cycle Ends ๐๐ฅ"
After weeks of slow movement, Ethereum (ETH) finally seemed ready for a bullish breakout! ๐โจ But just as the momentum picked up, the excitement was cut short when $1.5 billion worth of ETH was withdrawn from ByBit, triggering a price drop. ๐ฑ๐
ETH traded as high as $2,840 on Friday, February 21, before plunging near $2,600 due to the ByBit security breach. However, on-chain data suggests ETH could still reach $4,000 before this cycle ends! ๐๐ฐ
๐ Crypto analyst @CryptoSunmoon highlighted a positive divergence in ETHโs taker buy/sell ratio, a key metric that shows buying pressure is increasing. ๐น๐ When this ratio is above 1, it signals investorsโ willingness to pay more for ETHโa strong bullish sign! ๐ข๐ฅ
๐ Last time this divergence appeared, ETH surged nearly 60% from under $2,500 to over $4,000! If history repeats, we could see ETH reclaiming $3,000 soon and potentially pushing toward $4,000 before this cycle ends. ๐๐
Do you think ETH will hit $4K soon? Drop your predictions below! ๐๐ฎ
