Ethereum’s Next Capitulation Could be in 90 Days- Countdown Begins!

People waiting for another Ethereum price surge must wait another 2 months from now. In the last 1 hour, ETH’s price increased 0.38%. Meanwhile, it dropped 1.19% in the last 24 hours. Hence the stark volatility here is vulnerable.  

The data from the last seven days shows a more deplorable picture. ETH price has fallen around 14%. But institutional traders have found a bullish streak in its price movement for the last 7 days.  

Meanwhile, this user sentiment creates a recapitulation candle that might trigger the next big price surge.  

Reading Ethereum’s Past Pattern to Anticipate Growth 

In the last 24 months, 3 strategic capitulation events took place. All three successfully led to a price surge. These events have been often weekly when there was a trend of mega selloffs throughout the week. But one thing is for sure.  

Before each event, ETHEREUM prices have hit Rock bottom. It is no different now.  

Is a potential peak incoming? 

If the previous capitulation events were to be trusted, a peaking price surge is knocking on the doors 

The second capitulation in 2024 made Ethereum more stable. The market low faced by this stablecoin could be an indication that the third one is approaching.  

On 7th Feb, Ethereum’s price remains at $2746.03. That said, a hundred percent pump after the capitulation may help the Token go past its minimum resistance level ($3000).  

TedPillow Projects Higher 

TedPillows project that Ethereum could well reach $8000 after this event. However, the next resistance can be within $3000 to $3950. Again, Ethereum has always triggered rejections after reaching such an inflated price point after the previous capitulation events.  

So, all eyes would be set on this token for the next 90 days now. This period will reveal whether the recent pullback was a temporary one or an actual blow to the coin. What do you think? 

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