Ethereum (ETH) recently dropped to around $3,500, but analysts are predicting a potential new record high thanks to positive technical indicators. 📈

The price of ETH, like many other cryptocurrencies, has fallen drastically in recent days. However, some analysts think ETH has good days ahead, with some speculating about new record highs in the coming months.

Wolf, one of the users, showed a price chart showing ETH has been on a bullish path since early 2024. The analyst predicts increased volatility for the asset in the future, which will eventually lead to a bull run and new highs of over $5,000.

Jelle, another analyst, claimed that ETH "successfully retested the 50-day EMA." This analyst believes the valuation of this asset could reach a new peak after crossing the $3,700 zone.

Several key indicators also suggest that an ETH price revival may be on the way. One of them is Ethereum exchange netflow, which has been negative in the last four days. This is considered bullish because it reduces immediate selling pressure.

Let's discuss in the comments column, do you agree with this prediction? What do you think about the future of ETH? 🚀