The ether (ETH) oscillated nearly $ 3,800 Thursday while increasingly optimistic price targets circulated on cryptographic social networks, including an analyst who described a case for $ 16,000 based on long -term technical configurations and supported institutional entries.
“Edward”, an analyst of the popular graphic on X, argued in an article on Thursday that a five -digit ether price is now at hand, indicating a “clean ascending triangle” training on the Ethn Eth Chart. This structure, commonly considered as a pre -RUP model, reflects technical conditions observed in 2020 – just before Ether launched in a 2,000%rally.
According to Edward’s opinion, a decisive break greater than $ 4,000 could trigger a similar decision, the projected vertical range of the triangle involving potential up the area from $ 15,000 to $ 16,000. “The structure is there. The demand increases. The supply is capped,” he wrote, noting that the momentum and the fundamentals seem to line up for the first time in years.
He highlighted three main engines fueling perspectives: accumulation by institutions, the continuous success of ETHE Ether and the emerging role of cryptocurrency as a financial infrastructure. According to Edward, the volatility of the ETH has dropped while the entries increase – evidence that long -term investors are quietly taking positions. “It is not a mania focused on retail; it is an institutional accumulation with long tail. Calm, sustained and methodical,” he said.
Edward has also cited an increase in Flows and Spot flows, now totaling more than $ 5.3 billion in 18 consecutive days since early July. With the emission of ether capped within a million tokens per year and that corporate treasury bills are also accumulating, he warned against pressure on imminent supply.
Finally, Edward stressed that the function of Ethereum as a programmable guarantee – activated by rehabilitation, layer 2 and integration of real assets – positioned the ether within the framework of the “financial core” of a multi -chain economy. “Price targets like $ 15,000 are based on a macro role by changing,” he noted.
Some analysts warn that ether may encounter resistance before any long -term break can settle.
Michaël Van de Poppe noted that volatility has decreased sharply during recent sessions, a model that often precedes local summits. He suggested that ether could face short -term resistance near the level of $ 4,000 before entering a modest corrective phase. However, he framed such a decline as a healthy break in what he believes is the start of a wider Altcoin bull cycle which could take place in the next 12 to 24 months.
At the time of writing the editorial staff, Ether is negotiated at around $ 3,800, up 1.01% in the last 24 hours, according to Coindesk data.
Strengths of technical analysis
- According to the Technical Analysis Data model of Coindesk Research, ETH won 1.01% during the 24 -hour period ending on July 31 at 12:00 p.m. UTC, from $ 3,762.87 to $ 3,800.85.
- The negotiation range increased by 4.87%, an intra -day minimum of $ 3,693.42 at a summit of $ 3,873.39.
- Net V -shaped recovery followed a high volume drop to $ 3,685.69 during the UTC window from 6:00 p.m. to 19: 00, signaling institutional purchases.
- ETH closed the day almost $ 3,800, with rebounds supported by the volume suggesting an accumulation at $ 3,825.
- Last hours trading (11: 36–12: 35 UTC) has shown disciplined consolidation, with a price action contained between $ 3,825.22 and $ 3,842.71.
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