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After weeks of sideways integration and uncertainty, Ethereum appears to have turned its main psychological and technical corners upside down. Bully momentum over the past five days has caused Ethereum price action to surge beyond the $2,200 level after conviction, up over 32% over the past seven days alone. The breakout would be as follows: Bitcoin surpassed the six-digit mark Again, together with that it lifts the broader crypto market.
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According to a technical analysis of Ethereum’s Daily Candlestick chart, the rally is more than just a reaction to Bitcoin. That’s New long-term uptrend launch.
$2,200 breakout confirms strength, analysts declare the end of the bare market
The recent surge has been lifted Ethereum is well over $2,000 Price level that served as a ceiling from late March to early April. According to To submitted technical analysis Ethereum’s Bear Market is finally over on the TradingView platform by Crypto analyst MasterAnanda.
This comment was made in light of what analysts, coupled with a truly massive amount of mass in the past few days, called actual bullish action. This will confirm a very strong high in the coming weeks and days, and Ethereum will grow non-stop every day for months.
Recent Meetings Prices were earned on August 5, 2024 and above February 3, 2025, highlighted in charts posted by analysts on TradingView. The chart also shows that Ethereum broke convincingly and freely from the steep descent channel pattern that had locked its price in months.
The breakout is convincing as a large green candle with an unusually high trading volume marked a breakout. Lend your views reliability The bear stage has ended.
“This is just a start,” the analyst wrote, adding that the path to regaining Ethereum’s all-time high is already underway.
$5,791 “easy” target, $10,000 “Double” from 2026 years ago
According to Masterananda’s analysis, the current gathering can easily carry Ethereum to a 1.618 Fibonacci expansion level, close to $5,791.78. He describes this target as “easy.” This considers the strength of the breakout and the capital inflow that appears to be built behind it.
It will reach its price target of $5,791 Translated into breakout $4,878 in unknown price range above Ethereum’s current highest peak. However, predictions do not stop. A $10,000 Ethereum is not only possible, but is likely due to a flood of institutional money and retail sentiment to the market by the end of 2025.
This chart shows Ethereum recovery paths with various Fibonacci levels mapped, showing resistance and retracement points ranging from $2,421 on the 0.382 expansion to $5,791 on the 1.618 expansion.
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Analysts said about $250 billion in capital has finally flowed into the crypto market during this wave, with between $15 billion and $15 billion being played already. He insists that the euphoria begins when the remaining capital comes in.
At the time of writing, Ethereum is trading for $2,395.
Unsplash featured images, TradingView charts
