$ETH
🌀 ETH Accumulation - Is It Exploding Again or Has It Peaked?
📌 after the nearly 2x increase - Accumulation phase or profit-taking signal?
🎯 ETH price surged from $1,385 → $2,712 in just over 30 days
📉 Currently moving sideways around the $2,600–$2,700 range, with narrow fluctuations and slightly reduced liquidity
📊 Clear signs of an accumulation zone after significant capital inflow earlier
🧠 Why is this accumulation zone important?
✅ The accumulation zone often signals the next bullish phase if not broken
✅ The market hasn't seen strong distribution signals, volume remains stable → no significant selling pressure yet.
✅ Daily and 4-hour candles are still above the MA20 and MA50 lines → the trend still has the potential to maintain upward momentum
🔍 Brief technical analysis:
RSI: Neutral (~55–60), not overbought → still has room to increase.
Bollinger Bands: Starting to narrow → signaling that a breakout is imminent.
Strong resistance: $2,750 – if broken, will target $3,000.
Strong support: $2,580 and $2,400 (MA100).
🚀 Is $3,000 for ETH still a dream by mid-2025?