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Ethereum always shows signs of momentum upward if you know where to look for. The Altcoin Leader is now in the Haussier extension phase, with analysts predicting that Its price could increase the levels of key resistance spent in the coming weeks. According to crypto analyst, Ted Oreil, Ethereum has entered a bullish enlargement phase and is on the verge of a major rally which could push it beyond $ 4,000 in the short term and to new heights of all time in March.
Haussier expansion puts Ethereum at $ 4,500 in February
According to TedEthereum went to its expansion phase after completing two previous phases of accumulation and manipulation. These phases were mapped over the 3 -hour candlestick period and took place in the last two weeks of January.
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THE accumulation phase was underlined by Ethereum merchant in a range between the upper ends and $ 3,520 and $ 3,185, respectively. After this accumulation phase, Ethereum entered in short but volatile manipulation phase Between January 27 and 29 before finally bolishing at the $ 3,000 mark.
On January 30, Ethereum officially broke out of the manipulation phase, marking the start of the planned expansion phase. Ted thinks that this escape is a key turning point because it signals the start of a strong rally. With this phase of expansion in mind, the Crypto Ted analyst predicted that the Ethereum price will come together for at least $ 4,500 in February Before setting a new summit of all time in March.
In particular, the analyst’s prospects are based on a breakup combination Technical models And the feeling of the market, and he noted that the undervaluation of Ethereum is now revealed.
ETH escape depends on the price of prices of $ 4,000
In a Separate technical analysisTED stressed that Ethereum comes out of a downward corner model on the daily chandelier calendar. Based on this model, he planned that ETH could reach $ 4,000 in the eight to ten days depending on confirmation of the escape. Its forecasts are based on the movements of the historic prices of Ethereum, referring in particular to two similar eruptions in 2021 and 2024, which led to an increase of 40% in the same period of time.
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In another analysis, Ted noted that Ethereum trains higher stockings within the longer time. He pointed out that the recovery of the $ 4,000 mark is crucial at the moment, as this would open the way to Ethereum to target the new heights of all time. According to his projections, a decisive break above this key level will open the ground for Ethereum to reach between the range of $ 9,000 and $ 10,000 in the next three to four months.
Aside from the technical indicators, the pillows highlighted the potential impact of Donald Trump’s involvement in Ethereum. He suggested that The continuous accumulation of Trump ETH could further supply the rally. Such accumulation is the Last acquisition of 10 million dollars of ETH by World Liberty Financial, a cryptographic company affiliated with Donald Trump and certain family members.
At the time of writing the editorial staff, Ethereum is negotiated at $ 3,261.
Adobe Stock star image, tradingView.com graphic
