Ethereum Approaches Expansion Phase, Eyes $4,000 Target
- Ethereum price may be exiting the “manipulation phase” according to Wyckoff accumulation patterns.
- The price recently retested $2,100 and is nearing the $2,200 resistance zone.
- Analyst Ted Pillows suggests a breakout above $2,200 could start an expansion phase.
- A potential target during this phase could push Ethereum’s price beyond $4,000.
- At press time, Ethereum is priced at $2,083 with a 4% increase over the past day.
Ethereum’s recent movements suggest it might be leaving the manipulation phase and heading towards an expansion phase. A confirmed breakout above the $2,200 resistance could lead to significant price appreciation. Currently trading at $2,083 with increased market activity, Ethereum shows potential for further growth.
Source (2.6)https://coingape.com/ethereum-price-eyes-surge-to-4000-as-it-exits-manipulation-phase/?rand=24432