🔥Ethereum at USD 10K by 2025 cannot be ruled out ETH..📈
👉The price of Ethereum could reach new highs if it manages to break out of a congestion pattern.
🟠Key points:
Veteran trader Peter Brandt suggests a possible rally of Ethereum to USD 3,800–USD 4,800 if ETH breaks above an ascending wedge pattern.
⏪A short-term pullback could occur as the buy-sell ratio of takers falls below 1, signaling caution among futures traders.
⏫The native token of Ethereum, Ether opened its weekly candle at USD 1,807 on May 7, and is now close to recording its largest 7-day returns of 38% since December 2020.
⏏️Ether also surpassed its realized price for accumulating addresses (USD 1,900), which is the average cost for holders, signaling profits for users. The majority of the buying pressure for ETH came from Binance, which is currently the most active exchange for ETH traders.
📶The high activity on Binance and an increase in outflows reflect strong trader confidence, liquidity, and sustained bullish momentum in the current market.