ETHER (ETH), an indigenous token of Ethereum, began to receive a significant positive mind sharer with the recent anger of Solana (SOL) following the Libra Memecoin accident, which has been reduced by the Solana network.
As one analyst changes the preferred feelings of the largest Altcoin, I think ETH can be held for the next few weeks by the end of March.
Ether Lee Rium will reinforce the “second half of Q1” since 2020.
Most analysts have paid attention to the strong in the current ETH price cuts, but Honey, a full -time encryption trader, supported the rally in the late Q1.
According to the Swing Trader, Ether exhibited the market pump in the second half of the first quarter after 2020. This is because this is because it emphasized that ETH pumped 50%in the bear market in 2022, regardless of whether it was the Bull or Bear market.
Ether Leeum Performance Source in the second quarter of 2020: COINTELEGRAPH/TradingView
According to the data, Ethereum experienced an average of 40%of profits in the last six weeks of the first quarter, and the strong results decreased due to the decrease in returns. Therefore, considering that ether has increased 20% to 22% over the next six weeks, the potential price target is about $ 3,500.
However, Honey also admitted that market epidemiology was very different in 2025, and the number of Altcoin is much higher than before. The merchant
“If you don’t pump until the end of Q1, the paper is not valid and you can see what’s going on, but until then optimistic.”
Similarly, the encryption merchant REKTPROOF said that the “opportunity cost” of ETH Long Position seems very advantageous. The trader compared Altcoin with Bitcoin and Gold, and higher assets occurred after a lower range of rest after the cumulative period.
ETH vs. BTC vs. gold analysis. Source: x.com
This data suggests that this terre room is behind the performance of this period, and a significant optimistic reversal shows that encryption assets have a new high of $ 6,000 in the opponent’s path.
Related: Is Ether Lee the floor coming out? Analyst’s weight
Ether can avoid selling in August 2024.
Ether Lee is facing another obstacle from the current price framework. As described below, Altcoin’s current market structure reflects the reduction period in Q2-Q3 2024.
Altcoin has repeated the same trend, and the price is lower than the lower resistance, and then faced a rapid modification of a multi-resistance range of 2,800- $ 2,850.
Ether Leeum Day 1 Chart Analysis. Source: COINTELEGRAPH/TradingView
As in August 2024, the price is currently integrated with less than $ 2,800. To avoid prices to the side of three months from the resistance range, Altcoin must establish more than $ 2,800- $ 2,850 daily.
Otherwise, the above strong expectations will be invalidated, and the price can be tested for less than $ 2,300.
Related: Traders Eye Sol/ETH reversal in Memecoin Fallout
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.