Ethereum Recovers 4.2% Amid Mixed Analyst Predictions and Network Growth

Ethereum Recovers 4.2% Amid Mixed Analyst Predictions and Network Growth

Ethereum (ETH) has shown a modest recovery, gaining 4.2% over the past week and trading around $2,500 at the time of writing. Despite this uptick, the cryptocurrency remains down 19% year-over-year, leaving investors and analysts divided on its near-term prospects. Some analysts, like Merlijn The Trader, suggest that Ethereum is following the Wyckoff Accumulation pattern… Source

Ethereum Eyes $4,200 as Price Consolidates Above $2,500 in Bullish Continuation Pattern

Ethereum trades above $2,500, holding key support at $2,532.13 despite a 1.9% daily decline. Price forms an ascending wedge after breakout from long-term downtrend, eyeing resistance at $2,630.57. The current setup suggests a 63% rally toward $4,200, should bitcoin breakout above the resistance level of $2,630. Ethereum (ETH) continues to move within a critical range with the price at $2,552.93. The asset showed a 1.9% dip in the past 24 hours, …