Ethereum Price Eyes $2,700 As Wyckoff Accumulation Nears Completion

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Ethereum Price Eyes $2,700 As Wyckoff Accumulation Nears Completion - NewsBTC

Quick Summary:

His accompanying chart showed that ETH could rally to as high as $4,200 following this bullish reversal. Related Reading: Ethereum Price Suffers 77% Crash Against Bitcoin, On-Chain Deep Dive Reveals Reasons Why Crypto analyst Hardy also echoed a similar sentiment, suggesting that the Ethereum price has already reached its bottom.

The analyst’s accompanying chart showed that $2,499 is the target for the falling wedge, while $2,700 is the second target that Ethereum could reach on this breakout. Related Reading: Ethereum Price Threatened With Sharp Drop To $1,400, Here’s Why However, Incognito warned that this could be a huge trap to shake out sellers, so he advised market participants to be looking to take profits.

In an X post, crypto analyst Ali Martinez remarked that this week would be big for ETH as the TD Sequential just flashed a buy signal, hinting at a potential shift in momentum. Martinez also raised the possibility of the Ethereum price recording a new bull rally.