Ethereum Next Big Move Incoming? Expert Points To 75% Price Surge Ahead

Ethereum‘s renewed price momentum appears to be slowing down as bears have taken control of the market once more. Despite the waning price strength, several crypto analysts are still bullish concerning the crypto asset’s trajectory, predicting that ETH might be set to rally within the short term.

Ethereum Primed For Explosive Growth

The value of Ethereum could also be gearing up for its next explosive growth, with market expert and trader Javon Marks projecting an impending price surge for ETH of about 75%. This demonstrates his strong confidence within the potential of the crypto asset regardless of rising market turbulence.

Javon Marks points to key technical indicators and patterns that show that the altcoin is gathering strength, setting it up for a considerable upswing in the approaching weeks. Because the crypto asset continues to see positive sentiment out there, Ethereum might hit latest heights during this expected surge.

After navigating ETH’s current price performance, Javon Marks believes an enormous move is on the horizon following a breakout from the Relative Strength Index (RSI) and multiple verified Hidden Bull Divergence patterns. In line with the expert, this breakout could trigger a continuous move toward the $4,811.6 price level, which is barely just a few inches away from its all-time high of $4,878.

A 75% price surge looms for Etherem | Source: Javon Marks on X

The expert highlighted that for the reason that breakout from the RSI, prices have increased by almost 120%, suggesting that a run is already in effect. In consequence, Javon Marks anticipates an extra 75% move for Ethereum with the intention to reach the $4,811 price level, which is further confirmed by these confirmations and breakouts.

Marks’ prediction is a component of a broader view that Bitcoin, the most important cryptocurrency asset, could determine ETH’s next move. “It might be near evident of what’s next for ETH, which generally is a success to $4,811+, following the leader, and for that to be done, it could possibly take Bitcoin climbing much more,” he stated.

On the time of the post, he noted that if ETH’s following success to $4,811.6 is validated, BTC may rise even further and break above $67,559, which is able to ultimately pave the way in which for BTC to rise to greater than $116,000. As well as, this move will allow Bitcoin to guide the overall crypto market into heightened bullish stages.

A $6,000 ETH Possible In This Cycle?

ETH is currently seeing a wave of bullish predictions. One other crypto expert and trader, Ali Martinez, laid out a possible scenario for the altcoin to succeed in a latest all-time high of $6,000, triggering optimism locally.

This forecast is bolstered by Ethereum’s resiliency on the $2,400 support level. In line with Martinez, because it surpassed the $2,400 mark, the altcoin has strongly maintained the support range and will now be aiming for the upper boundary of the channel at roughly $6,000.