ETH LOOKS READY FOR AN EXPLOSIVE RALLY, MIRRORS SAME PATTERN AS 2020 ALTSEASON PUMP!

Ethereum (ETH) seems poised for a potential price rally, with several factors supporting this bullish outlook. Let's break it down :

On-chain indicators point to a rebound: ETH's weekly stochastic indicators have dipped below 10%, historically a precursor to a price floor and potential upward turn.

Increasing open interest backs ETH's uptrend: Growing demand and investor confidence are reflected in the rising open interest in ETH futures markets, which recently hit a record high of $14.68 billion.

Traders prefer Ether to Bitcoin: The ETH/BTC open interest ratio has spiked, indicating traders' preference for ETH over BTC, potentially driving prices higher.

Institutional demand: The approval of spot Ethereum ETFs in the US could increase trading volumes and positively influence ETH's price forecast.

Key Price Levels to Watch:

Current Price: $3,643.20

-Support: $2,500 (a potential "final dip" before a rally, according to some analysts)

Resistance: $3,800 (a level ETH has pulled back from recently)

Potential Targets: $4,868 (all-time high resistance), $6,500 (predicted by some analysts for 2025)

Expert Predictions:

Finder: Predicts ETH could surpass $6,100 by 2025 and reach up to $12,000 by 2030.

Wallet Investor: Forecasts ETH to reach $3,900 in the next year, with a bullish outlook for 2024 and 2025.

Changelly: Predicts ETH to reach $5,907.41 (minimum) to $7,194.28 (maximum) in 2025, with potential for significant growth in the coming years .#CryptoScamSurge #AmericaAIActionPlan #TrumpBitcoinEmpire #ETH $ETH