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Why Today’s Ethereum Price Surge Has Analysts Pointing to the Past


by Peter Mwangi
for CoinEdition
Ethereum price rally chart showing today's positive uptick, with a comparison to the similar bullish pattern from 2021
  • Ethereum is rallying today, with its price up over 2.4% and volume surging 17%
  • Analysts say the rally is fueled by a chart pattern that mirrors its 2021 bull run
  • Renewed demand is shown by a rebounding RSI and weakening bearish momentum on the MACD

Ethereum’s price chart is showing a striking similarity to its 2021 market structure, leading some analysts to believe history may be about to repeat with a major price surge later this year. Analyst Gordon (@AltcoinGordon) was among the first to highlight the repeating pattern, pointing to a setup that preceded a massive bull run three years ago.

Is Ethereum Repeating Its 2021 Price Pattern?

The analysis centers on a specific sequence: a “Dead Cat Bounce” followed by a “Final Retest” of a key support level. In 2021, Ethereum went through this exact pattern when it retested support near $250. 

After holding that level, ETH began an explosive rally that pushed it past $4,000 by the year’s end. Gordon’s current chart analysis suggests a similar dynamic is now in play, with E…

The post Why Today’s Ethereum Price Surge Has Analysts Pointing to the Past appeared first on Coin Edition.

Read the article at CoinEdition

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Ethereum (ETH) Price Prediction for July 25

Ethereum (ETH) Price Prediction for July 25

After a sharp rejection from the $3,860 mark earlier this week, Ethereum price today ...
A $1.9 Billion Staking Exit Hits ETH, but Is It Really a Bearish Signal?

A $1.9 Billion Staking Exit Hits ETH, but Is It Really a Bearish Signal?

Ethereum (ETH) is caught between the latest in ETH validator queues, market-wide sent...

Why Today’s Ethereum Price Surge Has Analysts Pointing to the Past


by Peter Mwangi
for CoinEdition
Ethereum price rally chart showing today's positive uptick, with a comparison to the similar bullish pattern from 2021
  • Ethereum is rallying today, with its price up over 2.4% and volume surging 17%
  • Analysts say the rally is fueled by a chart pattern that mirrors its 2021 bull run
  • Renewed demand is shown by a rebounding RSI and weakening bearish momentum on the MACD

Ethereum’s price chart is showing a striking similarity to its 2021 market structure, leading some analysts to believe history may be about to repeat with a major price surge later this year. Analyst Gordon (@AltcoinGordon) was among the first to highlight the repeating pattern, pointing to a setup that preceded a massive bull run three years ago.

Is Ethereum Repeating Its 2021 Price Pattern?

The analysis centers on a specific sequence: a “Dead Cat Bounce” followed by a “Final Retest” of a key support level. In 2021, Ethereum went through this exact pattern when it retested support near $250. 

After holding that level, ETH began an explosive rally that pushed it past $4,000 by the year’s end. Gordon’s current chart analysis suggests a similar dynamic is now in play, with E…

The post Why Today’s Ethereum Price Surge Has Analysts Pointing to the Past appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Ethereum (ETH) Price Prediction for July 25

Ethereum (ETH) Price Prediction for July 25

After a sharp rejection from the $3,860 mark earlier this week, Ethereum price today ...
A $1.9 Billion Staking Exit Hits ETH, but Is It Really a Bearish Signal?

A $1.9 Billion Staking Exit Hits ETH, but Is It Really a Bearish Signal?

Ethereum (ETH) is caught between the latest in ETH validator queues, market-wide sent...