Ethereum Price Move To $20,000: The Accumulation Zone That Shows The Time To Buy
A crypto analyst, Crypto Patel, has published a technical analysis on X using the Wyckoff method, suggesting Ethereum is in a multi-year accumulation phase that could lead to a significant price surge. Currently trading around $2,100—57% below its peak—ETH is seen as being in a buying zone, with key support levels at $1,549 and a secondary support at $1,065. The analysis identifies a pattern including a Selling Climax, Automatic Rally, and Secondary Test, forming a trading range with resistance near $4,700. If ETH breaks this resistance, it could enter a parabolic rally reaching up to $20,000 by late 2027 or 2028, representing a potential 10x return from current levels.
bitcoinist04/06 13:02