Blockchain | Cryptocurrency P.BCHAIN

Ethereum Price Poised for Takeoff?

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Key Price Analysis Points:

• Massive Surge: Ethereum price skyrockets 19.23% in a single day, its biggest daily gain since May 2021.

• Sellers Squeezed: Short liquidations reach $80 million, the highest in 90 days.

• Bitcoin Boost: Bitcoin crossing $70,000 triggers a market-wide bullish trend.

• ETF Speculation: Ethereum ETF approval rumors fuel buying pressure, with price surging past $3,500.

• Technical Indicators Bullish: Breakout from falling wedge pattern, bullish crossovers in VI lines, and RSI in overbought territory all suggest a strong uptrend.

Will Ethereum Hit $10,000?

The possibility of an Ethereum ETF approval, coupled with the ongoing bull run, raises the question: can Ethereum reach $10,000?

Read the full article for a deeper analysis of the Ethereum price rally, including the impact of potential ETF approval and technical analysis forecasts.

https://coinpedia.org/price-analysis/how-high-can-ethereum-price-surge-this-month-amidst-etf-speculation/