Main takeout:
The five -point brake out structure, such as gold, is creating a powerful example of the Etherrium price boom.
Ether Lee also repeats the 2016-2017 fractal and can gather at $ 5,000- $ 6,000 if the pattern is maintained.
As the disappearing solar or over -advertising and institutional inflows increase, Ether Lee’s fundamental strengths are improving.
Gold Fractal Pure Link
For many years, gold fractal has been creating a powerful example of ETH price rally for the next few months.
As a result of comparing ETH and gold charts side by side, it shows the accumulation structure of Ethereum Mirror Gold from 2019 to 2024.
Both assets show two local tops (points 1 and 3), two deep pullbacks (point 2 and 4) and round bass (point 5) before the explosive brake out.
GOLD has completed more than $ 2,100 escaped roy pattern in early 2024, with more than 60% of $ 3,400, reaching a new all -time high.
Ether Lee seems to be following the same setting, and now it pops out of the $ 1,600 point 4 and approaches $ 3,000 to $ 3,500 resistance area, corresponding to GOLD’s brake out points.
Ether Lee’s rally is $ 5,000-6,000.
Another fractal further strengthens the prospect of strong Ether Leeum, creating an example of $ 6,000 in the next few months.
According to technical analysts crypto Eagles, Ether Leeum appears to be repeated in the 2024-2025 cycle, and according to the new analyst crypto Eagles, it can potentially set a new stages of the new history.
The pattern of the focus follows four different stages: multi, if the range of integration, the sharp shaking of a late bull, the damage on the resistance, and the parabola rally.
In 2017, this structure surged more than 1,000% from $ 10 to $ 1,400.
The current setting has shown that Ether Lee is moving in a similar trajectory, with a range of $ 1,600 to $ 4,000, followed by a steep fullback, and now rebounds with a potential brake out zone of about 3,500- $ 4,000.
Crypto Eagles suggests that if the “Candle for Candle” fractal continues to play, Ether Lee can meet for the $ 5,000-$ 6,000 range in the next few months.
The analyst added:
“The foundation is 10 times stronger. $ 5K-$ 6K cycle.”
The craze, which is a cooling note, can spend more ETH.
Basically, Ether Leeum’s strong incident is further supported by improving market positioning.
Ether surpassed the larger password market, especially Solana (SOL), in recent weeks, which has previously raised capital from Memecoin-Fueled Rally.
As Memecoin Frenzy cools on the SOL/ETH chart and the weak pattern appears, the analysts of the Standard Chartered and the analysts of the chart Alex Clay are expected to expand their dominance.
relevant: Ether Lee’s 55% rally set vs. Bitcoin sparks ‘altseason’ hope
Institutional demand is also accelerating. The Ether -centric Investment Fund has moved $ 334 million (the largest inflow of all encryption assets) to the coin on the week ends on May 30.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.