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The Ethereum price shows the signs of a Possible trend reversal As technical indicators such as continuous linked regulations (CLS) suggest that a break can be on the horizon. The Crypto expert who common This analysis predicted that Ethereum should bounce back at $ 2,600 in this bull cycle.
Ethereum CLS is expanding the potential price rally
David Perk, a TradingView Crypto analyst, recently published a Technical analysis of the Ethereum price. The analyst plans that ETH could soon reach $ 2,600 and beyond in the coming months.
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Perk based his predictions on the daily and monthly CLs of Ethereum. According to his analysis, if Ethereum price action Can respect its CLS and daily liquidity zone, it could gradually rise up, targeting its monthly CLs of $ 2,055 before soaring above $ 2,600.
His analysis report describes in detail this CLS Average and how it can affect the trajectory of a cryptocurrency. Perk revealed that CLs represent “smart money“In all markets. This is the global settlement system used by the main financial institutions, including exchange markets (Forex).
Crypto analyst suggested that CLS treats a massive volume of capital from a significant investment and central banksWith a daily volume of more than 6.5 billions of dollars. In the case of Ethereum, since CLS follows a structured regulation process, traders who follow these cycles can potentially anticipate significant price changes and liquidity changes. In addition, knowing when a large institutional money between or leaves the market, analysts can predict ideal entry and exit points for cryptocurrency.
Perks Ethereum price thart shows an area marked in green, which represents cryptocurrency liquidity zone. In addition, the daily and monthly CLS can be seen, the first acting as a support zone and the second as a resistance or target for future price movements.
Eth Falling Bedge Breakout targets $ 2,800
In other news, Crypto Marzell analyst has common An upward prediction of the Ethereum price in a post X (formerly Twitter). Marzell announced that Ethereum managed to get out of a Ditch model.
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The corner of the fall is known as a common Optimistic inversion Model where the price of a cryptocurrency moves in the two convergent trend lines, forming lower ups and lower stockings. In particular, Ethereum came out of this corner, signaling a The potential rebound is imminent.
The escape occurred around the price of $ 1,991, confirming his bullish momentum. Consequently, Marzell predicts that Ethereum could live a mass rally At $ 2,821, marking an increase of 41.69% compared to its level of escape. Currently, Ethereum Prix is negotiated at $ 2,008, already seeing an increase of 3.7% in the last 24 hours. If a gathering at $ 2,821 occurs, it would represent an overvoltage of around 40.5%.
Felash star image, tradingView.com graphic
