If broader market sentiment favors bulls, Ethereum price may see a potential 40-50% upside move, which could place ETH in the $4200-$4800 zone in the near term. As long as ETH price holds above $2700, the broader bullish structure remains intact. However, a break of that level would invalidate the pattern and re-open downside risk toward $2400.
Overall, Ethereum’s price reversal toward $3000 combined with whale accumulation and a bullish structural base, suggests that the market is cooling for a breakout, with a 50% upside move increasingly back in play.
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