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Analyst Says Prepare For Ethereum Price To Hit $17,000, Here’s Why Newsbtc 2天前

Analyst Says Prepare For Ethereum Price To Hit $17,000, Here’s Why 🚀

Ethereum Bitcoin CoinMarketCap

A crypto analyst predicts an explosive rally for Ethereum, possibly elevating its price to $17,000. The prediction draws from historical patterns where Ethereum rallied significantly after declines, marking it as a precursor to potential gains.

According to Kiu_Coin, Ethereum is experiencing a "shakeout," a drop forcing market players to sell before a price reversal. A similar shakeout occurred around 2020, followed by a substantial rise in 2021, an ATH period for ETH.

Currently valued at $2,637, Ethereum has shown volatility. While other altcoins rise, Ethereum faces a potential bullish breakout post-decline. Support levels and a 732% increase target in 217 days align with the analysis.

Despite a severe downtrend, Ethereum's 24-hour trading volume rose by 20.9% to $19 billion, highlighting its market potential. Historical trends suggest a bullish outcome once the decline stage concludes.

来源: www.newsbtc.com ↗

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