News from Cointelegraph suggests that Ethereum’s trading pattern could indicate a 100% rally to $5,000, but what are the probabilities? The key points to note from the ETHUSDT trading pattern are:
1. Ethereum’s price chart reveals a “Power of 3” setup, projecting a price target beyond $5,000.
2. Last week saw a net inflow of 106,000 Ether into spot ETH ETFs, marking the 7th week in a row of positive inflows.
3. ETH may still face a possible 25% correction due to increasing whale exchange inflows and a surge in short positions.
The “Power of 3” setup, also known as the “AMD” model (Accumulation, Manipulation, and Distribution), provides a structure for understanding institutional investor trading strategies around crucial liquidity zones.
After a period of price consolidation from May 9 to June 20, Ethereum experienced a trend deviation between $2,100 and $2,200 last Sunday. This movement triggered a swift buying response, pushing the price above $2,500 by Monday.
Conversely, a bearish perspective also emerges as Ether faces a potential 25% drop towards $1,600 after failing to break a long-standing technical resistance and slipping below the lower boundary of a multi-year symmetrical triangle on the two‑week chart.
The crypto market is closely watching an ETH whale that has moved approximately $237 million worth of Ether from staking to exchanges, with over 62,000 ETH already entering Binance over five days. This redistribution from large holders to mid-tier wallets suggests increasing selling pressure and downside risk for ETH.
It’s noteworthy that every investment and trading move carries risk, and readers should perform their own research before making a decision.
