Ethereum has likely entered a new bullish leg, supported by the recent Pectra upgrade, which significantly enhances the network’s scalability and efficiency.
Just like in previous cycles, this phase could lead to an exponential move, potentially targeting the $4,500 to $6,000 range if momentum continues.
Key Technical Levels:
FVG around $2,900 – $3,100 acting as the first resistance area.
Major Supply Zone cleared, confirming a solid base around $1,500 – $1,700.
Mid-range target near $4,000 before testing previous ATH levels.
As long as ETH holds above the FVG, the uptrend remains firmly in place, with the potential for a parabolic breakout as institutional interest grows.
️ Risks:
Potential profit-taking as we approach previous highs.
Macro risks, including potential regulatory pressure and economic headwinds.
For now, the path of least resistance remains to the upside, with higher lows and higher highs confirming a bull market structure.