Ethereum Price Could Be Primed For Another 100% Move After Printing Capitulation Candle

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Ethereum Price Could Be Primed For Another 100% Move After Printing Capitulation Candle - NewsBTC

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However, historical price playout shows that these capitulations have often marked the bottom before a massive price rally. Related Reading: Ethereum Price Forms Flag And Pole Pattern For Possible Breakout, New Targets Emerge The first of such capitulations occurred in Q1 2024 and eventually led to a 100% rally over the next three months, with the Ethereum price reaching $3,950.

Ethereum’s 100% Price Surge And Potential Peak If Ethereum follows its previous trajectory, the next eight to twelve weeks could bring a significant price increase, even as the leading altcoin currently struggles around $2,700.

This capitulation candle caught the attention of crypto analyst Ted Pillows, who noted an interesting repeating capitulation pattern for Ethereum. According to technical analysis by Ted Pillows, Ethereum has printed a capitulation candle in early 2025, just as it did in the first quarter of 2024 and the third quarter of 2023.