Bitcoinist 2025-05-01 04:00:32

Ethereum’s Next Big Move: This Key Price Level Could Unlock A Strong Upward Move

The second-largest crypto asset, Ethereum , is again capturing market attention as bullish momentum builds, but its path to reclaiming higher price levels and maintaining a strong rally is far from guaranteed. As ETH shows strength, crypto analysts point to key zones that might bolster the altcoin’s renewed upward trend. A Pivotal Price Point To Spur Ethereum’s Rally Over the past few days, Ethereum has demonstrated notable bullish performance, recovering levels such as $1,800. While ETH’s price may seem poised for an extended rally, a crucial level has emerged as the next hurdle that will determine the continuation of the current uptrend. After a series of higher lows, Rose Premium Signals, a technical analysis platform, has highlighted ETH’s potential to continue its rally. Several critical indicators are pointing to a significant upside, but the altcoin’s true potential lies in breaking the $2,200 mark. Historically, this zone has acted as a strong support for ETH , reflecting its resilience at this level. According to the platform, Ethereum must close a daily candle above the orange zone at $2,200 to validate the extension of the ongoing bullish trend. When the $2,200 mark is broken, the development would spark a strong rally towards the $4,000 target. However, if momentum is not maintained here, a drop may occur , making this price point a pivotal battleground for both bulls and bears. In the meantime, Rose Premium Signals suggests a cautious approach as long as ETH’s price remains below this point. Rose Premium Signals’ technical analysis strongly aligns with that of Kamran Asghar, a crypto expert and trader. In his analysis shared on the X (formerly Twitter) platform, the expert noted that Ethereum is building momentum within a Bull Flag pattern. A bull flag formation is a chart pattern that hints at the continuation of an uptrend. Specifically, this chart pattern emerges after a period of upside price movements, which is followed by a consolidation phase within a channel. Asghar also confirms that the altcoin has made a Golden Cross, indicating growing momentum. Even though a golden cross has been confirmed on the chart, the expert asserted that “ETH needs to close above $2,200 for a bullish trend.” Considering the price action, Asghar is confident that ETH will explode to about $16,414 by early 2026. Interest In ETH Rising Among Big Investors The anticipated rally is likely to be supported by the renewed interest in Ethereum among big investors or whales. Ted Pillows reported a positive sentiment among these investors as they significantly accumulated ETH during recent price spikes. On-chain data shows that large investors purchased nearly 30,000 ETH, valued at $50.24 million, in less than 4 hours. Such massive accumulations by these big players indicate strong conviction in the altcoin’s long-term performance. With rising buying pressure, ETH could attract enough momentum to push toward higher levels in the upcoming days.

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