Ethereum (ETH), the world’s second largest cryptocurrency per market capitalization, is ready for a huge upward rally. It has recently formed a Bullish Price Pattern on a monthly timeframe. A crypto expert posted on X (formerly Twitter), the sharing of an ETH graph and emphasizes how it reflects the graph of Bitcoin (BTC) before the explosive increase in 2024.
Ethereum (ETH) Mega Breakout
In a message on X, the expert noted: “The current market structure of ETH seems remarkably comparable to the preparation of Bitcoin before the most important outbreak of the previous cycle.” Moreover, he stated that if the pattern applies, a large movement could be on the horizon.
#Ethereum Most Explosive Breakout Incoming
#ETH's current market structure looks strikingly similar to #Bitcoin's setup before its previous cycle's major breakout.
If the pattern holds, a big move could be on the horizon.
pic.twitter.com/gFBRY5aqM5
— Titan of Crypto (@Washigorira) February 5, 2025
In addition to this prediction, crypto investors and long-term holders have consistently collected token since the market experienced a sharp decline.
$ 402 million in ETH outflow
Data from the stain flow/outflow of Coinglass showed that stock markets have seen an outflow of a considerable ETH of $ 402 million in the last 48 hours. Such a large outflow in the midst of current market uncertainty suggests potential accumulation, the creation of purchasing pressure and feeding a further upward rally.
Time to add ETH, Trump
However, pro-Crypto-president Donald Trump has also been shown that token has been gathered considerably since his inauguration. Recently, the Executive Vice President of the United States, Eric Trump, put a function on X that has received widespread attention. In his post, Eric stated: “In my opinion it is a good time to add ETH.”
In my opinion, it’s a great time to add $ETH.
— Eric Trump (@EricTrump) February 3, 2025
All these factors point to the Bullish-Outlook from Ethereum and its potential for a huge upward rally one who missed it in 2024 when BTC reached a record high.
Current price momentum
At the time of pressure, Ether is on the market in the vicinity of $ 2,750 and has experienced a price fall of more than 1.35% in the last 24 hours. During the same period, however, the trade volume fell by 18.50%, indicating a lower participation of traders and investors, possibly as a result of high market volatility.
