Ethereum Nears Key Resistance Amid Bullish Patterns and Possible 2025 Targets Between $7,000 and $8,000
Main Idea
Ethereum is showing bullish momentum, nearing a key resistance level with potential short-term targets of $4,000–$4,120 and long-term targets of $7,000–$8,000 by 2025, driven by ETF inflows and technical indicators.
Key Points
1. Ethereum is entering the "Banana Zone," a bullish phase historically associated with parabolic price surges in previous four-year cycles.
2. A decisive break above $3,880 could push Ethereum toward $4,000–$4,120, supported by ETF inflows and technical strength.
3. Technical indicators show a mixed short-term outlook but a robust weekly chart with bullish supertrend and positive Chaikin Money Flow since 2024.
4. Analysts suggest Ethereum could reach $7,000–$8,000 by 2025, aligning with its long-term price cycle and institutional support.
5. ETF inflows are enhancing liquidity and investor confidence, contributing to Ethereum's upward trajectory.
Description
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