Ethereum is showing changes in its price structure, passing through key phases of the 'Power of Three' model. The latest analysis outlines potential growth scenarios.
End of the Manipulation Phase
According to analyst Merlijn, the manipulation phase has concluded, and Ethereum is now entering the expansion phase. This phase is typically associated with strong directional movement, in this case pointing to a potential bullish breakout.
Projection to $3500
The analysis chart indicates a projected price movement that could propel Ethereum above the $3500 level if the Po3 structure plays out fully, marking a significant rally from the current price around $2386.
Future of Ethereum and Its Market Impact
If Ethereum can maintain this reversal and enter the predicted expansion phase, it may signal renewed strength across the altcoin market, especially if accompanied by increased trading volume and declining Bitcoin dominance.
Ethereum's price structure aligns with the Po3 setup, indicating potential market changes. It is crucial to monitor the sustainability of upward momentum and the possibility of reaching new local highs in the coming days.
