Ethereum Ready For ‘Rapid Expansion’ As Price Holds $3,900 Support – 30% Rally Coming? 🚀
Ethereum (ETH) experiences market volatility, maintaining a key support level around $3,900 despite a 3.1% daily drop. Analysts foresee a potential expansion phase, with predictions of a 28%-53% rally if it holds this level.
The cryptocurrency fluctuates within a $3,800-$4,800 range since August, with a recent dip to $3,435 before reclaiming $4,000. Holding $4,100 on a daily and weekly basis is crucial for future gains.
Analysts see structural patterns similar to past bull markets, signaling potential rallies towards $5,000 or $6,000. Ethereum shows readiness for rapid expansion from its current accumulation range.
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