Ethereum Faces a Powerful Accumulation Phase with Anticipated Growth
Main Idea
Glassnode founders Jan Happel and Yann Alleman highlight a significant accumulation phase for Ethereum, suggesting potential price movements and the impact of Bitcoin's network growth.
Key Points
1. Ethereum is in a significant accumulation phase, with potential for another decline before surpassing $4,000.
2. Fridays and Saturdays over the past 30 days have been optimal times for Ethereum accumulation.
3. Ethereum might follow a lateral trend in the short term before a new move is anticipated.
4. Bitcoin's network growth could influence Ethereum's price, with a similar scenario previously leading to a 100% price increase for Ethereum.
5. Analysts suggest that network growth acceleration, as seen on April 7, could precede significant price movements for Ethereum.
Description
Glassnode founders highlight Ethereum's significant accumulation phase and potential short-term growth. Analysts suggest $4,000 as a key support level for Ethereum's upward movement. Continue Reading: Ethereum Faces a Powerful Accumulation Phase with Anticipated Growth The post Ethereum Faces a Powerful Accumulation Phase with Anticipated Growth appeared first on COINTURK NEWS .
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