Ethereum (ETH) Sees Massive Bounce from “Strong Support Block,” Analyst Vindicated
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- Ethereum has successfully bounced from the key $4,000-$4,200 support zone, validating predictions.
- The price has reclaimed the $4,300 level and broken out of a key “falling wedge” pattern.
- Analysts are now watching to see if this momentum can carry the price back to recent highs.
Ethereum is showing renewed strength, with its price pushing to $4,315 after a successful and decisive bounce from a key support zone. The recovery validates recent analyses from top traders who had flagged the dip as a high-probability buying opportunity.
“High-Probability” Bounce Plays Out
Just days ago, market strategist Michaël van de Poppe identified the $4,000 to $4,200 range as a strong support block where a bounce was highly likely. His analysis, which assigned a 70% probability to a reversal, appears to have been spot on.
The dip into that zone was met with strong buying pressure, confirming it as a classic accumulation area. This technical strength for a potential ETH revenge rally is backed by underlying demand, as shown by the record-breaking Ethereum (ETH) ETPs $2.9 Billion weekly inflow report.
The post Ethereum (ETH) Sees Massive Bounce from “Strong Support Block,” Analyst Vindicated appeared first on Coin Edition.
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