Ethereum Price Prediction: Possible Pullback as BlackRock Doubles Down on ETH Over BTC
The post Ethereum Price Prediction: Possible Pullback as BlackRock Doubles Down on ETH Over BTC appeared on BitcoinEthereumNews.com. In a span of seven days, Ethereum price appreciated by over $1,000 as it jumped from below $2,600 to a local peak of $3,674. As of the writing, the altcoin stood above the $3600 mark at $3 616 following a 6% increase in the past day. Traders are, however, keeping a close eye on a short-term pullback since they have been on a fast run, leaving the market in an overheated state. Ethereum Price Prediction: Rally Faces Correction Risk Analyst Michaël van de Poppe flagged a potential pullback in his Ethereum price prediction, after the asset gained over 45% in a week. In his chart update, he noted ETH has moved far above its former supply zone at $2,800. This triggered concern about a possible exhaustion in buying momentum. According to the chart, a correction of approximately 11.7% is likely, targeting the $3,150–$3,200 zone. Van de Poppe emphasized that ETH price rally is vertical and has entered overbought territory on the Relative Strength Index (RSI), especially on the daily timeframe. The analyst shared a key zone marked as “liquidity on the long side,” warning that late entries could get liquidated if ETH price retraced to this lower support region. He also pointed out that Fridays and Saturdays often present corrective phases after steep rallies. Ethereum price has continued to rise as it shot out of a congestion zone between $2,400 and $2,800, which previously acted as resistance over the past months. Once this hurdle was cleared, the pace accelerated and price rallied to levels not seen since January. However, the pace of this move left behind a gap in terms of structural support. This means that a retracement to get the momentum going again is highly probable. ETH Whale Accumulation and Institutional Flows Continue Despite the pullback warning as per…

The post Ethereum Price Prediction: Possible Pullback as BlackRock Doubles Down on ETH Over BTC appeared on BitcoinEthereumNews.com.
In a span of seven days, Ethereum price appreciated by over $1,000 as it jumped from below $2,600 to a local peak of $3,674. As of the writing, the altcoin stood above the $3600 mark at $3 616 following a 6% increase in the past day. Traders are, however, keeping a close eye on a short-term pullback since they have been on a fast run, leaving the market in an overheated state. Ethereum Price Prediction: Rally Faces Correction Risk Analyst Michaël van de Poppe flagged a potential pullback in his Ethereum price prediction, after the asset gained over 45% in a week. In his chart update, he noted ETH has moved far above its former supply zone at $2,800. This triggered concern about a possible exhaustion in buying momentum. According to the chart, a correction of approximately 11.7% is likely, targeting the $3,150–$3,200 zone. Van de Poppe emphasized that ETH price rally is vertical and has entered overbought territory on the Relative Strength Index (RSI), especially on the daily timeframe. The analyst shared a key zone marked as “liquidity on the long side,” warning that late entries could get liquidated if ETH price retraced to this lower support region. He also pointed out that Fridays and Saturdays often present corrective phases after steep rallies. Ethereum price has continued to rise as it shot out of a congestion zone between $2,400 and $2,800, which previously acted as resistance over the past months. Once this hurdle was cleared, the pace accelerated and price rallied to levels not seen since January. However, the pace of this move left behind a gap in terms of structural support. This means that a retracement to get the momentum going again is highly probable. ETH Whale Accumulation and Institutional Flows Continue Despite the pullback warning as per…
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