$ETH 🔥🔥🔥
《Ethereum is on the rise? It is expected to hit $3,000 by the end of September》🚀🚀🚀
Ethereum's recent trend has attracted much attention. Although the price fell 1.67% on Sunday to $2,570, and the market value shrank to $309.5 billion, this is likely to be just a short-term correction. In the past two weeks, Ethereum has risen well, from $2,150 to $2,655, an increase of nearly 20%, mainly due to the Fed's interest rate cut and the rise in Bitcoin prices.
From a technical point of view, ETH has formed a double bottom reversal pattern. If this pattern can be stabilized, it is expected to rise by 9% to $2,800. Once this resistance level is broken, the subsequent rise will be stronger, and $3,000 or even $3,500 is possible.
Although some actions of large investors "whales" have caused concerns, the overall positive trend cannot be ignored. At the same time, although the supply of Ethereum on exchanges is increasing, this does not necessarily mean that it will inevitably trigger a sell-off and cause a sharp drop in prices. On the contrary, in the current market environment, the superposition of various positive factors makes Ethereum full of hope to hit $3,000 by the end of September.
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