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Ethereum’s Price Prediction – How Far Can Its Momentum Take the Altcoin?
Historical patterns suggest a potential rally towards $3,260, with traders closely monitoring key support and resistance levels.
Posted: March 9, 2025
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Ethereum’s price has reclaimed $2,350, with technical indicators supporting a potential rally towards $3,260. The altcoin’s netflow analysis also alluded to shifting market sentiment.
Ethereum’s price action has captured the attention of traders lately, as key indicators hint at the potential for a strong upward move. In fact, Ethereum has exhibited resilience, reclaiming critical price levels and demonstrating patterns that historically precede rallies.
Ethereum reclaimed $2,350 on the charts, with technical indicators supporting a potential rally towards $3,260. On March 6th, Ethereum was trading at $2,203.57, with projections hinting at a potential hike to $3,260 – marking a 48% increase.
Exchange withdrawals also climbed to 400k ETH, valued at $960 million, while netflows remained negative and reinforcing reduced selling pressure.
Historically, Ethereum surged by 20% in 2024 following similar patterns, supporting a move towards $2,800 by mid-March. If Ethereum holds firm above $2,351, further upside might be likely.
A drop below $2,200, however, might indicate a correction towards $1,444, reflecting a potential 34% decline.
At the time of writing, Ethereum’s trajectory appeared bullish, driven by strong technical indicators and accumulation trends. The altcoin was trading at $2,203.57, with projections hinting at a potential hike to $3,260 – marking a 48% increase.
Exchange withdrawals also climbed to 400k ETH, valued at $960 million, while netflows remained negative and reinforcing reduced selling pressure.
Historically, Ethereum surged by 20% in 2024 following similar patterns, supporting a move towards $2,800 by mid-March. If Ethereum holds firm above $2,351, further upside might be likely.
A drop below $2,200, however, might indicate a correction towards $1,444, reflecting a potential 34% decline.
By: Clinton Otieno
Source: https://ambcrypto.com/ethereum-price-prediction-how-far-can-its-momentum-take-the-altcoin/
