đ„đ„đ„ Ethereum Poised to Outperform #bitcoinâïž : Expert Predicts $10K Target Backed by Bullish Technicals
Ethereum Faces Market Pressure, Bullish Signals Persist
- Ethereum ($ETH ) lags the broader crypto rally, trading at $3,100. Despite underperformance, key metrics suggest ETH could regain bullish momentum.
Key Levels & MVRV Momentum
- Analyst Ali Martinez highlights Ethereumâs MVRV Momentum nearing a crucial threshold. Historically, crossing the 180-day moving average signals major price rallies. ETH's recent rise from $2,400 to $3,100 hints at potential tests of $4,000 and $6,000 as bullish momentum builds.
Whale & Institutional Accumulation
On-chain data shows rising confidence:
1. Spot ETFs acquired 47,419 ETH ($147M) in two weeks.
2. Whales bought 451,613 ETH ($1.4B), often a precursor to price surges.
ETH's ascending parallel channel supports a bullish outlook.
Support Zones & Long-Term Potential
- Critical support at $2,400 and $3,000, where 6.14M ETH were purchased ($18.99B), underpins Ethereumâs trajectory. Broader market ties to the S&P 500 suggest ETH could target $10,000, a 3.22x rise from current levels.
Conclusion
Ethereumâs technical and on-chain signals indicate growing bullish potential. Breaking $4,000 could pave the way for $6,000 and beyond, with strong support ensuring stability for its next move.
