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Home»ETHEREUM NEWS»Ether Lee Rium forms ‘huge reverse head and shoulders’ -Deome $ 20K goal?
ETHEREUM NEWS

Ether Lee Rium forms ‘huge reverse head and shoulders’ -Deome $ 20K goal?

By Crypto FlexsApril 25, 20254 Mins Read
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Ether Lee Rium forms ‘huge reverse head and shoulders’ -Deome $ 20K goal?
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Ether Lee is testing criticism resistance after a sharp rally that attracts both the analyst and merchant. ETH recovered $ 1,800 a few days after a strong upward momentum, recovering more than 18% after Tuesday. This impressive rebound signal has renewed the trust in assets in the financial market, with the global macroeconomic uncertainty and volatility.

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According to the chief analyst GERT Van Lagen, Ether Leeum may be just before a historic brake out. In recent technical analysis shared on X, Van Lagen pointed out a large four -year head and shoulder pattern, a classic reverse reversal signal on Ethereum’s one -week chart. With two shoulders confirmed, the chart formation is aimed at a long -term price target of $ 20,000.

This development occurs when Ether Lee continues to strengthen the heat chain foundation and reconsider the interest of investors. The future resistance level is still challenging, but more than $ 1,800, combined with optimistic long -term settings, has been placed as one of the most promising assets in the current Cryptocurrency environment. If market emotions are advantageously converted to encryption assets, ETH can reach a powerful expansion stage of more than $ 2,000.

Ether Leeum steps on the gear for a rally that forms a long -term reversal pattern.

Ether Lee is currently trading 57%from $ 4,100 for many years, and many investors still think that the entire recovery is far away. However, even though the macroeconomic tension has increased and the trade war between the United States and China has intensified, optimism is increasing as encryption assets begin to restore momentum. Ether Leeum and other major cryptocurrencies, whose stocks are under pressure, appear to be an independent trajectory.

According to the chief analyst Van Lagen, Ether Leeum may be on the verge of major escape. In his recent technical analysis, Van Lagen emphasizes the four -year reversal and shoulder patterns developed on the ETH weekly chart. This classic reversal formation suggests that long -term strong structure is working. When confirmed, Van Lagen believes that in the next market cycle, the pattern can send ETH for ambitious $ 20,000 goals.

Ether Leeum Source to form 4 years H & S | Gert van lagen
Ether Leeum Source to form 4 years H & S | Gert van lagen

One of the key elements of Van Lagen’s analysis is the recent shaking of a retailer. He points out the formation of the right shoulder as a point of point, suggesting that many short -term holders have left their positions and organized the path of more powerful and continuous movement.

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ETH price tests are supported after the key is found.

Ether Lee Rium has successfully recovered 4 hours 200 MA and EMA, which are currently being tested for short -term support, and is currently trading at $ 1,740. This recovery is a positive sign for the bull and suggests that momentum is being built after a strong bounce. But the next important step is to push psychological and technical barriers to $ 2,000.

4 hours 200 MA and EMA test | Source: TradingView's ETHUSDT chart
4 hours 200 MA and EMA test | Source: TradingView’s ETHUSDT chart

More than $ 2,000’s decisive breaks and nearly every day can check the trend reversal and open the door for a more powerful recovery rally. This level has been a resistance over the past few months, making it an important benchmark for traders. The bulls must defend the $ 1,740 zone to maintain the current structure and establish a case for continuous upward exercises.

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On the other hand, if Ether Lee does not regain $ 2,000 and loses a $ 1,700 support area, more lower pressure can push the ETH back into the integrated area. This movement can hesitate to hesitate in the market and delay a potentially significantly significant breakout. At this time, it is essential for Ether Leeum to maintain the moving average that is regenerated in accordance with the attempt to strengthen the foundation for the next movement.

DALL-E’s main image, TradingView chart

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