đđđ Ethereum ($ETH ) on Track for $10K: 3 Bullish Factors to Watch in the Next Cycle
Ethereum's Path to $10K by Year-End: Key Drivers
Ethereum (ETH) is showing strong potential to reach $10,000 by the end of 2024, supported by fractal patterns, Fibonacci analysis, and expanding global liquidity. Here are three key factors driving its bullish outlook:
1. Fractal Patterns Suggest Upward Momentum:
Ethereum's current price action mirrors a fractal pattern from early 2023, when ETH moved from $1,500 to $3,500. If this pattern holds, ETH could break out similarly and reach $10,000.
2. #FibonacciAnalysis Supports Bullish Targets:
Technical indicators like Fibonacci levels and the 50-week EMA point to potential price targets of $6,978 and $10,623, with further growth possible into 2025.
3. Global Liquidity Expansion:
Increasing M2 money supply and easing central bank policies could boost Ethereum, as these trends have historically driven rallies in both #bitcoinâïž and ETH.
Currently trading at $2,641, Ethereum may be poised for a significant breakout if these factors align.
Source - crypto-news-flash.com
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