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Recently, Ethereum (ETH) has performed remarkably, with its price once soaring to 3600 dollars. As a long-term observer who follows Ethereum, I would like to share some insights regarding its future trends.
Firstly, it is worth noting that the current price of Ethereum has not yet broken through the historical high of $4900 set in November 2021. From a technical analysis perspective, Ethereum is forming a pattern known as "cup and handle," which is often seen as a strong bullish signal.
If this pattern is established, we may see Ethereum go through the following stages:
1. Break through 4000 USD, confirm the upward trend
2. Challenge the historical high of 4900-5000 dollars
3. Launch an attack towards the 10,000 USD mark
4. Expected to challenge $15,000 in 2026.
Factors supporting this optimistic expectation include:
- The expectation of global interest rate cuts is likely to drive funds into high-growth assets.
- Bitcoin's dominance is starting to decline, which is beneficial for other cryptocurrencies like Ethereum.
- Ethereum continues its technological upgrades, from the merge to staking and the flourishing development of the layer two network ecosystem.
- Institutional investors' interest in Ethereum is increasing.
However, in the short term, the area around $3600 may still be a temporary resistance level. When considering an entry, investors might shift their focus from "Is this a high point now?" to "Is there an opportunity now?"
Despite the promising outlook, the cryptocurrency market still presents a high degree of uncertainty. Investors should proceed with caution, manage risks effectively, and make informed decisions based on their own circumstances.