The price of Ethereum (ETH) watches an increase in accumulation from large investors, and analysts suggest that it may follow the patterns of a similar rally in February last year. Currently, ETH is getting out of a bull falling wedge, and the institutional influx is growing, and the merchants want to find out the next step of Ethereum.
Ethereum Price bursts out of a falling wedge, eyes $ 3,000
Ethereum was in the formation of a falling wedge and recently switched to a plus from the wedge, which is a fairly bull sign. Such a breakthrough indicates a change in the trend, and the price of ETH currently ranges about $ 2692.30.
The market analyst Merlidzhtrader noted that the price diagram Ethereum looks similar to a parabolic scheme observed in its increase in prices in February last year. Based on previous trends, ETH is likely to reach a sharp increase in cost in the next few weeks.
Technical indicators support bull impulse
RSI costs 52.28, which is slightly higher than the midline. This shows light bull pressure and impulse, can increase the larger pressure of the purchase. Following the MACD, we see that the MACD line is located above the signal line, which is a bull signal, which indicates an increase in the pressure pressure. In addition, the histogram has now begun the tendency to appear, which indicates that the asset can potentially expand recent achievements.
The accumulation of whales and the exchange of outflows signals the trust
Thus, the centiment said that the incredible 224,410 broadcasts were postponed from exchanges in one day and February 9, which is the highest number in 23 months. Usually this is a bullshit, as it suggests that traders have a long -term share in them, and not traded on exchanges.
😯 Historical milestones in ~ 224 410 ETH left exchangers within 24 hours from 8 to 9 February. It was the largest number of clean coins moving from the known exchange wallets in one day in 23 months.
Although this is more long -term metric, it is … pic.twitter.com/g2e2aaAusph
– Santiment (@santimentFeed) February 11, 2025
The Ali analyst also noted that from February 1, it has grown in Ethereum-Whales with more than 10,000 ETH coins by 2.30%. Such growing accumulation also improves the bull position, since a large investor retains when accumulating.
In addition, the data to the chain indicate that Eth ETFS had more than $ 400 million per tributary last week, which strengthens institutional confidence in the long -term potential of Ethereum. The Tedpillows analyst noted that Ethereum has been holding its supporting trend since May 2023, additionally confirming positive prospects.
Ethereum still supports the support of the upward trend since May 2023.
▫ Last week, the $ ETH ETFS had $ 400 million+ a tributary.
▫ Eth Big Updrages will come next month.
▫ Trump is still buying and holding ETH.
Mark my words; As soon as Ethereum comes out above 4 thousand dollars, it will pump up as Crazy🚀 pic.twitter.com/wilenff8www
– Ted (@Tedpillows) February 10, 2025
Price -road Ethereum up to 4000 US dollars and above
Below are some of the factors that are observed that affect the general bull tendency Ethereum.
In particular, new reports show that Donald Trump bought ETH, and current testimonies also show that current low gas boards are nearby, improving the convenience of use and scalability is expected in the following updates. This creates the debate that Ethereum can reach $ 4,000 in the next few months.
The price of Ethereum is likely to grow rapidly if it exceeds a critical level of 3,000 US dollars, according to market analysts, since more and more buyers come from an impulse, as well as institutional investors. The bull -clock installation conducts comparisons with the rally in February last year, and many are wondering if history will repeat.
