Ethereum becomes bullish after a multi -year escape – $ 7,000 can be imminent

Ethereum Finally was freed from a consolidation phase of several years, reviving the bullish feeling on the cryptography market. After spending more than three years having trouble holding above the level of $ 4,000, ETH has now confirmed a decisive escape, a decision considered to be the start of its next major rally. With the alignment of Momentum creation indicators and indicators, analysts suggest that a race to the region of $ 7,000 could be closer than ever

Ethereum is released after 1,146 days of consolidation

Mags, a popular crypto analyst on X, recently shared a updateNoting that ETH could be on the right track to reach the $ 7,331 mark. According to the analyst, this target is aligned with the wider optimistic trend that has been formed from Ethereum burst above the levels of keys resistance.

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After more than 1,146 days of consolidation compared to its bottom, Ethereum finally broke out above the crucial level of $ 4,000, marking an important technical stage. During this cycle, ETH had made three previous attempts to exceed this resistanceEveryone ending with rejection. However, the fourth attempt in August succeeded, confirming the rupture and signaling the start of a new increased phase.

After the escape, ETH consolidated above the $ 4,000 zone, knowing the momentum for what could be the next step up. Stability around this level indicates that buyers actively defend supportKeep the wider structure intact and prepare the ground for potential continuation to higher targets.

The mags also stressed that Ethereum experienced a brief false false, where the price dropped below $ 4,000 to reach $ 3,800 before staging a clean V -shaped recovery. This rebound, driven by high purchase pressure, further strengthens upward perspectives. With the current price of pricing, the analyst thinks that Ethereum is ready for a movement towards the level of extension of 1.618 fibonacci at $ 7,331, which could define the next major wave of its prosecution rally.

Ethereum confirms the major structural retetest: the “V-Bottom” holds hard

Galaxy, an eminent crypto analyst, recently common An update noting that the ETH graph has managed to retest the “V-BOTTOM” structure as well as the major triangle model which dates back to 2021. This indicates that the asset can enter a new growth phase after consolidation during a prolonged period in these key technical training.

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While Galaxy has recognized that the coming road will not be fluid, with potential DIP, ramp -up periods of pricing and low volatility stretching, the overall perspectives remain very optimistic. The analyst believes that Ethereum is gradually positioning itself for a major movement up, the current structure suggesting that a five -digit ETH becomes an increasingly realistic target in the future.

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