Ethereum prices look to gain momentum once again and reach new highs. Crypto Analyst Doctor Profit commented on how Altcoin defeated the important moving average (MA). meanwhile, ETH domination It’s increasing again.
Ethereum Price breaks 50EMA on weekly charts
in xPostThe doctor’s profit said Ethereum prices have finally broken through after nine weeks of constant rejection on the EMA50 on the weekly chart. He argued that it was a very good indication as it suggests that ETH will reach a higher target in the coming weeks. Breaks above 2,600 EMA50 levels are A broader crypto market has gathered.
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The rally is led by the price of Bitcoin, reaching its new all-time high (ATHS). Based on this, Ethereum prices It is also expected to reach an annual high of $3,600. This level of retrieval can also open up a way for ETH to regain the psychological $4,000 level.
Meanwhile, Crypto analysts Rekt Capital hinted Increased control of Ethereum prices. He said that the ETH-controlled fractal is not a copy-paste version of what happened between 2019 and 2020. However, analysts have seen a recent rise to 10%. Level of domination It shows that Ethereum hopes to have more control over the market in the coming months.
Bitmex co-founder Arthur Hayes also believes Ethereum prices are the time to make that move. in xPosthe predicted that Altcoin could reach $10,000 on this upward trend. He suggests that he agrees, highlighting the ETH chart for the BTC pair. Ethereum domination It will rise in the coming months.
Moves to trigger the Altcoin season
in xPostCrypto analyst Mikybull Crypto said Ethereum prices follow Wyckoff’s re-accumulation circuit diagram. He further said this massive movement would be triggered. altcoin season It’s about $3,000 after ETH reaches “SOS” level. His accompanying charts also showed he hopes Ethereum will reach $3,200 in the short term.
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In another one xPostMikybull Crypto hinted at that fact Bitcoin domination Even as BTC prices rose, they were thrown away. Analysts said the development means something and hints at a potential Altcoin season on the horizon. This is bullish for Ethereum prices and other altcoins as it is superior to BTC during this period. It’s worth mentioning that Mikybull Crypto is also predicting This ETH could reach $10,000 in this market cycle.
At the time of writing, Ethereum prices are trading at around $2,988, up over 7%. data From CoinMarketCap.
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