The largest subcoin Ethereum $2,644.83‘s (ETH) price has left behind the long -standing jaming process with a strong break. The market value has exceeded $ 327 billion for a short time and left behind Bank of America, one of the largest banks in America. Technical indicators and in -chain data indicate that Altcoin is moving towards one of the most powerful closures on a monthly basis. All these signals EthIt gave rise to the expectation that he could make a rally over 50 percent in the coming period.
Technical indicators point to a strong rise in Ethereum
Ethereum has been stuck in a long time bull formationHe finally managed to break up. In the process progressing towards the weekly closing, the 200 -day moving average is tested and a movement that will be above this level can change the fate of the trend. The price is currently testing the neckline of the V-Dip formation, which is frequently followed in technical analysis. The weekly closing above this level can trigger a strong wave of purchase.
On the other hand, weekly Rsi He continues his upward movement. Macd While the indicator intersects in the direction of the bull, Cmf He recovered from -0.11 and reached the zero line. However DMI The indicator still gives unstable signals. However, the general view points to a strong rise scenario. The upward breaking of the price of the increasing trend line of the price can start a new price discovery phase.
Whale purchases and open positions are increasing
Behind the rise in Ethereum is not only technical analysis, but also in -chain whale movements. Especially after the Pectra update ETH/BTC The strong jump seen in the parity reassured confidence in the market. This leap occurred in and after 2020 2021 bull seasonreminds us. For this reason, some investors believe that a similar scenario can be experienced again.
Famous whale investor James WynnThe fact that it opens a long position of 60.4 million dollars with a leverage in ETH in ETH is among the factors that strengthen this expectation. Wynn, Bitcoin before 
$110,781.07He made big gains with his positions in his positions. This move shows the confidence of the big players towards Ethereum. At the same time, the total size of open -term transaction contracts exceeded $ 33 billion and increased to the highest level of all time. This shows that fresh liquidity has entered the market and new purchase opportunities are born.
Ethereum is currently rising with a strong support in which technical indicators, chain data and whale movements intersect. This momentum indicates that the price can be moved to much higher levels in the coming weeks.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
