Ethereum Analyst Sets $3,000 Target As Price Action Signals Momentum – Details

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Ethereum Analyst Sets $3,000 Target As Price Action Signals Momentum – Details - NewsBTC

Quick Summary:

One of the most vocal among them is top analyst Carl Runefelt, who shared a bold outlook, suggesting that Ethereum “might go absolutely parabolic starting from here.” His analysis suggests that ETH is poised to break out from a daily descending trendline, which could serve as a key technical signal indicating va shift in momentum in favor of the bulls.

Ethereum Eyes Recovery Amid Rising Global Tensions Global tensions and macroeconomic uncertainty continue to weigh heavily on investor sentiment, with the ongoing trade war between the US and China sending shockwaves through equities and high-risk assets.

Ethereum and the broader crypto market experienced a small but notable pump yesterday, reigniting hopes of a potential trend reversal after weeks of sustained selling pressure.