Ethereum Price Eyes $3,450, Analyst Says ETH Just Flipped The Switch
The post Ethereum Price Eyes $3,450, Analyst Says ETH Just Flipped The Switch appeared on BitcoinEthereumNews.com.
Ethereum price is showing signs of a trend reversal that could push it toward the $3,450 level, according to analyst Dan Gambardello. In his recent market analysis, Gambardello highlighted that “bulls have the upper hand” on Ethereum and pointed to momentum oscillators that are starting to flip bullish for the second-largest cryptocurrency. The analyst noted major whale accumulation of Ethereum and compared current inflow charts to patterns that previously marked the beginning of market bottoms. Bulls Gain Upper Hand as Ethereum Price Bottoms Out Ethereum appears to be at a key turning point in its market cycle, with multiple indicators suggesting a bottoming process is underway. Gambardello highlighted a proprietary “bull bear arena” indicator that shows a clear shift in market control. “Bulls have the upper hand right now. This is a big deal for Ethereum,” Gambardello emphasized while pointing to a collection of momentum oscillators that are beginning to flip positive for ETH. This shift is important as it mirrors patterns seen in previous market cycles. The analyst drew parallels to similar indicator readings from August-September of the previous cycle, which preceded Ethereum’s substantial price breakout in November. Ethereum Just FLIPPED THE SWITCH. The ALTCOIN WINDOW Is Closing. Intro 00:00All time highs 00:35BTC path ahead 2:00Bitcoin resistance 3:10BTC reversal picture 3:50ETH whale signal 4:25ETH bulls control 5:05Ethereum target 6:40Altcoin bottom 7:25Bull targets 9:00 pic.twitter.com/eCIGGgnlMp — Dan Gambardello (@cryptorecruitr) April 25, 2025 While cautioning that this is a shorter-term signal rather than a macro indicator, Gambardello noted that these momentum shifts typically precede broader market movements. Whale activity data reinforces this bullish outlook, with charts showing substantial ETH accumulation occurring at current levels. Gambardello compared these inflows to similar patterns that marked the beginning of previous market bottoms. Multi-Year Triangle Pattern Points to Critical Level Ethereum’s price action is approaching…
Filed under: News - @ May 2, 2025 12:26 am