Last Title: «Why Bit Origin's $500M Bet on Dogecoin Could Be Your Wake-Up Call – Don’t Miss the Next Big Crypto Surge»
On-chain data reveals a setup similar to the 75% surge of late 2024 Here’s why now may be the perfect moment to act.
Ethereum is once again catching the eye of the crypto world and this time, it’s not just price speculation driving the momentum. Behind the scenes, powerful data signals are aligning to suggest that ETH could be on the verge of a major rally, potentially soaring another 32% to reach $4,541.
If you’ve been waiting for a sign to enter or strengthen your position this is it.
📉 Exchange Reserves Are Falling Just Like Before the 2024 Rally
One of the clearest bullish signals? Ethereum reserves on centralized exchanges have dropped to levels not seen since October 2024, a time that preceded a legendary 75% surge over just two months. The current reading stands at 19.7 million ETH, nearly mirroring those past bullish conditions.
Why does this matter?
Lower reserves usually mean fewer traders are looking to sell. Instead, they’re moving ETH into cold storage, signaling confidence and long-term holding behavior. On July 16 alone, over 147,000 ETH were withdrawn from exchanges that’s serious conviction.
⚖️ Futures Market Supports the Rally But Cautiously
It’s not just the spot market making waves.
Ethereum futures volumes jumped 27.13%, and open interest rose 4.18% in the last 24 hours, indicating that new traders are stepping in to bet on the upside. But here’s the kicker: funding rates remain stable at just 0.0096%.
This neutrality is bullish. Why? Because the market is not yet overheated with long positions. The rally is being built on solid ground, not excessive leverage which means less risk of sharp reversals.
📊 Fibonacci Analysis Points Straight to $4,541
From a technical perspective, Ethereum has broken through the $3,298 resistance, aligning perfectly with the 0.786 Fibonacci level. According to advanced chart analysis, the next logical target is $4,541, the 1.618 Fibonacci extension a potential gain of 32% from today’s levels.
Even more exciting: if Ethereum repeats the pattern seen in October 2024, it could blast beyond $4,541 and start aiming for a new all-time high.
🛑 The Safety Net: $3,047
Of course, no rally is guaranteed. For this bullish scenario to stay intact, Ethereum needs to hold above $3,047 a critical support zone respected over the past week.
A drop below $2,870 (Fibonacci 0.5 level) could invalidate the current setup. Keep an eye on that number but until then, momentum is clearly on the side of the bulls.
✅ Final Take – Time to Position Yourself
All key indicators exchange flows, futures market behavior, and Fibonacci analysis are flashing bullish green. ETH is not only showing strength but is doing so without the signs of overheating that often precede crashes.
With limited selling pressure and growing demand, Ethereum may be quietly gearing up for its next major breakout and those who wait might miss the rocket.
📈 $4,541 is within reach. Are you already in?
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions. The views expressed are personal opinions and not guaranteed predictions. Crypto markets are volatile never invest more than you can afford to lose.
As I celebrate my 55th birthday, I'm excited to share an incredible opportunity with you! Join me in embracing the future of finance by investing in my token ($CC55). Let’s make this April a time of prosperity and success together!
Follow our blog for the latest news, updates, airdrops, and other ways to earn crypto assets easily and often for free. If you find this information useful and would like to receive more updates, you can support the project with a small contribution, allowing us to continue providing valuable information to all crypto enthusiasts.
Bitcoin: bc1q20zx0j2fmmk9jca49hanrk2gl3hgqtysuy6fsv
Ethereum: 0x2132aa994E6b0cb0Bc86074Cb75624FAC71b8548
Doge: DJb9299NMr8kWfqNLwZkbaV7P5kgEANHWB
Solana: CMNBYVJi3Z8axYnu44YKpHhsyrKc3ZtszcznaYEguhSA
Follow Us on Social Media
Facebook: https://www.facebook.com/CriptoCanadas/
Instagram: https://www.instagram.com/cryptocanadas/
Bluesky: https://bsky.app/profile/cryptocanadas.bsky.social
Tangled: https://cryptocanadas.tangled.com/join
No comments:
Post a Comment