Ethereum Price Recovery: Analyst Predicts Blow Off Top To $3,300 In One Week, Here’s Why

Quick Summary:

This forecast shows Ethereum’s projected successful breach of a key resistance level, indicating an imminent price recovery to new highs.   Analyst Projects Ethereum Price Recovery To $3,300 Ted Pillows, a crypto analyst on X (formerly Twitter), has shared a super bullish projection for the Ethereum price despite its recent downturn.

The analyst also noted that its Moving Average Convergence Divergence (MACD) has just flipped bullish, signaling a potential for an upward trend.  Related Reading: Ethereum Price Enters Bullish Expansion, Analyst Reveals How High It Can Go In February Merlijn the Trader has revealed that the last time all of these technical indicators aligned in this manner, Ethereum pumped by over 66% to new highs.

Nevertheless, analysts remain bullish about the altcoin’s future outlook, highlighting strong fundamentals and bullish technical indicators.  ETH Flashes Bullish Buy Signal According to crypto analyst Merlijn the Trader, Ethereum has just flashed a buy signal on its daily price chart.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United KingdomNorth Korea

Topics: Bitcoin Ethereum price Ethusd ETH news Xrp MACD Ethereum ETHUSDT ETH Eth price Altcoin Solana Moving average convergence divergence Symmetrical triangle Ethereum Ethereum news

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-17 @ 22:30:05 (5 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 475 words

Reading Time: 3 minutes read

Sentences: 67 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 26236003

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