Ethereum’s (ETH) recent price volatility has been shaky, but according to one analyst, a new pattern may be emerging that signals a coming rally. Tokens are constantly trying to reach new heights, but they’re pushed up by shifting economic conditions. ETH, like BTC has also shown volatility. It is hoping to get out of its slump in 2018.
At press time, Ethereum is testing key support near the $3,020–$3,050 zone. The daily ascending triangle, which suggests a bullish break above $3300, has been revealed. The triangle-measured move on the bullish end targets $3,700 if $3,300 is broken.
Javon Marks, a crypto analyst recently revealed that he believes Ethereum will score a major win in the near future. Marks revealed that Ethereum’s RSI has shown a positive change which could help it regain its value. “Prices of $ETH rallied an average of 123% after the highlighted RSI structure showed up,” In a reply to X, the analyst stated that. “With it showing up and unfolding again, this recent strength in Ethereum may only be the beginning of a huge rally, and altcoins can benefit significantly from this…”
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According to CoinCodex ETH stats, Ethereum could reach a high of $3,487 in the first week of 2026. The $3,300 range would be close to breaking through towards the $3700 area if the lower price holds. Marks also predicts that if the RSI holds up, this token will end hitting $8500 on the long-term. Ethereum’s MACD shows a new crossover that is bullish, usually indicating a bullish position for the asset. “Look at what happened to $ETH every time this RSI structure presented itself, and it is FINISHING UP AGAIN. Last time this structure showed up, we saw Ethereum climb over 163%, and today, this pattern could initiate another >162% run to our next target above $8,500!”
The forecasted gains may be supported by a number of catalysts including the rising institution staking, and accumulation in the treasury. Farside Investors reports that BlackRock’s Ethereum ETF bought $102.9 millions worth of ETH in the past week. The trend of increased ETF flows could be a factor, since they have been increasing to begin the year. Ethereum (ETH) could continue to rise in value over the next few weeks if sentiment on the markets remains positive.
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Source: watcher.guru
