Ethereumper Using DVXil00 USD says Market Market is an over, Analyst Call 5,791 USD ‘Easy Target – TradingView News

After weeks of lateral consolidation and insecurity, Etherum seems to overturn a large psychological and technical angle. The Bullish Momentum in the past five days caused Etherum a price to give a feather level $ 2,200 with conviction, in the last seven days in the last seven days. The passage comes as Bitcoin again crossed the tape with six figures, lifting the wide crypto market together with him.

According to the technical analysis of Etherum’s daily ticket of candles, this rally is more than just a reaction to Bitcoin; It is the beginning of a new long-term multiplication.

$ 2,200 termination confirms strength, analyst declares the end of the bear market

The recent allegation raised Etherum without $ 2,000, the price level that acted as the ceiler at the end of March and early April. Toward Published on Technical Analysis On the TradingView platform, CRIPTO Analytic MasterAnanda, Etherum’s Bear Market finally ended.

This comment was made in the light of what an analyst called real noise, along with a really high volume in the last few days. This, in turn confirms very strongly high in the coming weeks and days, where Etherum will grow daily every day.

The recent rally took over the price above 5. August 2024. and 3. February 2025. years, pointed out on the chart set by an analyst at Tradingview. The chart also shows that Etherum released convincingly from the steep samples of the descending channel, which captured its price for months.

Punching is convincing because the great green candles accompanied by an unusually high trading volume marked breaking, lending credibility to think that the bear phase is now over.

“This is just the beginning,” an analyst wrote, adding that path Ethereum to the return of his time is already underway.

$ 5.79 “Easy” target, $ 10,000 before 2026. “Hitting”

According to the analysis of MasterAnandand, the current rally could easily carry Etherum to the extension level 1,618 Fibonacci near $ 5,791.78. This goal describes as “easy”, given the force of burglary and inflow of capital that seems to build behind it.

Reaching a $ 5.791 goals would be translated to breaking to vague territory prices above Etherum’s current all the time in the amount of $ 4,878. However, the prediction does not stop there. Atherem of $ 10,000 is not only possible before the end of 2025. Because of institutional money and retail floods on the market.

The chart shows the Etherum path of recovery with various levels of Fibenacia, which shows the resistance points in the range of 2.421 in extension from 0.382 to 5.791 on extension of 1,618.

The analysted noted that about 250 billion dollars in capital could flow at the crypto market during this wave, with already in a 10-bedroom dollar game. He claims that the euphoric phase will begin after the remaining capital enters.

At the time of writing, Etherum trades $ 2,395.

Featured image of an independant, graph from tradingview