Doctor Profit, a crypto analyst on X (formerly Twitter), a published A very optimistic long -term report on the Ethereum price, stressing why Altcoin is the best opportunity on the market today. The analysis stresses that Ethereum is set to hit a local background And could initiate a strong movement upwards depending on chain indicators and technical graphics models.
Key technical indicators report an Ethereum major price rally
In his Post X, Doctor Profit underlined his immense spark to Prix of Ethereum pricesSharing an optimistic prediction that should take place in the coming months. Analysts revealed that Ethereum was currently approaching a local background, suggesting a Main purchase zone For investors.
Despite the current market lowering stateThe analyst has announced that Ethereum has the best opportunity right now. He stressed that key indicators, such as technical, psychological and chain, can confirm its optimistic perspectives for the assets.
The first technical indicator mentioned is 200 weeks Exponential mobile average (EMA). The doctor takes advantage that EMA 200W has always been a level of critical support for Ethereum. His report underlines that ETH has briefly fell below this level during Extreme market conditions And maximum fear scenarios, such as the COVVI-19 crash of 2020 and the 2022 bear market.
After each event, Ethereum rebounded Quickly, strengthening the strength of his support before launching a movement towards. According to Doctor Profit, ETH is currently 18% to reach EMA 200W, reporting that Altcoin is getting closer to its local background.
The analyst revealed that a week ago, Ethereum was only 4% of this key level. He also pointed out that the risk-reward around EMA 200W was “underway”, with Ethereum’s potential to run a 200% bull rally around $ 8,000 and $ 10,000. On the other hand, the analyst shares the worst case where Ethereum sees only an increase of 20%.
The next technical indicator is multi -year Ascending channel. According to the report, the Altcoin has been negotiated in this long -term ascending channel, the lower limit serving as a solid and first -range support zone.
THE The analyst expects a breakup From this ascending channel in the coming months. The Ethereum price targets the milestone of $ 4,000, which he previously tested several times. A full breakthrough of the canal could push ETH between $ 8,000 and $ 10,000, marking a history New Ath.
Other technical indicators that support the optimistic prospects of ETH
In addition to moving averages and channel models, Doctor Profit has also identified the training of a weekly Ascending triangle model on the Ethereum price table. The analyst has described the triangle as a “crazy optimistic scheme”, stressing that ETH has apparently trained this distinct fractal since 2020. The analyst also highlights that the time of this model often leads to powerful price expansions, comparing this configuration to the recent Explosive rally experienced by XRP.
Finally, Doctor Profit cited a possible liquidity cluster as support for his Handy prospects for ETH. The analyst revealed that a liquidity zone exists around the level of $ 4,000, aligning perfectly with the ascending canal and the ascending triangle. In addition, the analyst revealed that market manufacturers could push the ETH through liquidity cluster, potentially supplying a massive escape.
Adobe Stock star image, tradingView.com graphic
