Ethereum Price Prediction: Why $ETH Is Far From Done
Ethereum just retested a 5-year range breakout. Here's why $ETH may still have room to rally.
- $ETH broke out of a 5-year range and successfully retested it
- Market sentiment is still overly bearish after a minor retrace
- Technicals show Ethereum could continue moving higher
Ethereum recently saw a 15% pullback after a strong 50% rally—but some traders are panicking. According to seasoned analysts, this kind of fear is actually a bullish signal. Many forget that at market tops, confidence is high and every dip is shrugged off as a “higher low.” Right now, we’re seeing the opposite: a healthy skepticism that often accompanies the early-to-mid stages of a bull trend.
Contrary to popular worry, Ethereum’s structure looks solid. It broke above a 5-year consolidation range after two false breakouts, often referred to as “liquidity swipes.” This time, however, the breakout was followed by a clean retest of the range, which held strong—confirming the breakout as valid.
Technical Indicators Support More Upside
From a technical standpoint, Ethereum looks well-positioned for further upside. The RSI (Relative Strength Index) shows plenty of room before reaching overbought levels. That means $ETH still has momentum to push higher.
Moreover, market structure supports continuation. After breaking out of long-term resistance, the successful retest now serves as a base for higher price action. As long as Ethereum holds above that range, the path of least resistance is up.
Sentiment Signals the Rally Is Still Young
The abundance of bearish sentiment following a modest dip is a classic sign that the bull run may be far from over. When everyone begins to ignore retraces and blindly call for higher prices, that’s when caution is warranted. But right now, skepticism is high—which tends to happen well before the top.
So while many are sweating the recent correction, the bigger picture suggests Ethereum’s journey is just getting started
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