Crypto analyst Tice said that a Ethereum Price Rises at $4,000 is not an ambitious project, but one that is inevitable. This happened when he revealed that he was accumulating ETH based on technical data, which indicates buying sentiment.
Analyst Reveals Ethereum Price Hit $4,000 as Structural Magnet
In a MessageTice said an Ethereum price rise to $4,000 was not a moonshot but a structural magnet. He further noted that he was stocking up on ETH while everyone else was dropping out. Her belief in ETH is based on technical data, which indicates an imminent rally for the second largest crypto by market cap.
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The analyst noted that the ETH structure was compressing as liquidity was drained. At the same time, Ethereum price is making higher lows in maximum doubt, and it is clear that the forced sell-off has been absorbed. Tice said it’s not a weakness but the accumulation phase is coming to an end, which will then mark the beginning of the escape.
Tice also mentioned that Ethereum’s price structure has refused to break in the face of so much fear, which portends an imminent violent move higher. In another Messagethe analyst doubled down on his bullish outlook for ETH. He noted that Ethereum is the most uncomfortable asset to hold right now, but that’s exactly why it’s going to explode.
He compared the current Ethereum price action to that of Netflix, which, he noted, spent years in a range and retested the lows six times before seeing a parabolic move upward. Tice said Ethereum is running the same playbook, with the same compression, the same frustration and the same crowd walking away. As such, the analyst assured that ETH was not broken but was simply charging through its parabolic move upwards.
Sell Signal Flashes for ETH
On the other hand, crypto analyst Ali Martinez provided a bearish outlook for Ethereum, noting that a new sell signal just flashed for ETH. He highlighted the TD Sequential indicator, which he said has been incredibly accurate in anticipating ETH trends over the past year. The analyst added that each signal emitted by this indicator over the weekly period was validated by a significant price movement.
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As such, Martinez believes that the Ethereum price is entering another corrective phase with this new sell signal. He outlined three downside targets if selling pressure accelerates. These targets are $1,900, $1,565, and $1,090, which are the short, medium, and long-term downside targets, respectively.
At the time of writing, Ethereum price is trading at around $2,260, up over the last 24 hours, according to data from CoinMarketCap.
Featured image from Freepik, graphic from Tradingview.com
