Ethereum price shows bullish momentum, reaching a $2,064.60 zone driven by strong institutional interest. Analysts predict a possible rise above $2,100 amidst favorable technical patterns.
Current Ethereum Trends
Ethereum price is drawing fresh interest as analysts highlight technical patterns that indicate a potential move above the $2,100 mark. Recent assessments show a combination of short-term bullish trends and macro-level cycles that could support an extended rally if key levels remain intact.
Long-Term Price Projections
If Ethereum continues to follow historical cycles, further upside could emerge. In 2020, ETH surged nearly 40 times its value after reclaiming key structures. While current market conditions differ, projected resistance levels include $3,600, $4,870, and an extended range between $6,000 and $7,500.
Technical Analysis and Strategies
Market analyst Crypto Patel has identified a bullish setup on the ETH/USDT chart, suggesting strong upward momentum. Ethereum has displayed a notable shift in market structure following a reaction from a key bullish Point of Interest (POI). The mitigation block near $2,064.60 signals strong institutional demand. A price target of $2,128.12 aligns with a swing high liquidity zone.
Ethereum continues to show upward trends, confirmed by market pattern analysis and zones of interest. The long-term outlook remains promising, provided current trends and institutional interest are sustained.
