Ethereum Price briefly recovered $ 1,800 on April 23 after an astonishing gain of 11% within 24 hours while Bitcoin and most Altcoins have negotiated. These gains have wiped out more than $ 110 million in short ETH positions, and as Bitcoin now looks at the psychological level of $ 100,000, cryptographic traders wonder if ETH will maintain this upward trend and will surpass the BTC to revisit $ 2,000 first. Discover.
Ethereum Price reaches a 2 -week high as a $ 100,000 Bitcoin Eyes
Ethereum Price is currently negotiating at its highest level in two weeks while Altcoins follows Bitcoin, which recently exceeded $ 90,000 for the first time since early March. At its current price of $ 93,732, Bitcoin will have to come together by around 7% to recover $ 100,000.
The best analysts provide that a Bitcoin price rally at $ 100,000 may well be on us. Kyle Hunting Notes That if the current upward trend continues without interruption, BTC will reach this target price before the end of the week.
In the meantime, Arthur Hayes recently said That if Bitcoin extends his rally exceeding $ 100,000, he will unlock the next season of Altcoin. In his recent test, he considered that as a dominance of Bitcoin, this will lead to the rotation of the capital of BTC in Altcoins.
Consequently, it is clear that a resumption of the price of Bitcoin will increase well for the largest Altcoin, Ethereum, and will help its rupture compared to recent lower trends that have removed its performance. However, Bitcoin must first erase $ 100,000 for ETH reaching $ 2,000.
$ 2,000 Ethereum price in view of whales, institutions accumulate
Santiment data suggest that whales could be the main engine of ETH gains today at $ 2,000. During the last 24 hours, large whale addresses holding between 1,000 and 10,000 ETH coins bought more than 300.00 tokens, which contributed to fueling the purchase pressure around this Altcoin.
In addition to the whales, the institutions also seem to store on Ethereum, Sosovalue data showing that on April 22, the entries to identify ETH and have reached $ 38 million, which has been the highest level since February 4, 2025.
Ethereum technical analysis – What will be the height of the ETH?
A popular cryptographic market analyst estimates that $ 2,000 may not be the only price target for Ethereum, because Altcoin has formed a giant model of the opposite head and shoulders. Usually, this graph indicates that the trend is about to switch from lower bullshit.
According to Gert Van Lagen, the reverse and reverse shoulder model of Ethereum is at stake on the weekly graphic. However, for Ethereum to confirm this model, he must not only return the resistance to $ 2,000, but also go to $ 3,900. This will prepare the ground for a rally from more than 10x to $ 20,000.
Consequently, as Bitcoin extends gains to $ 100,000 and dragging altcoins, it is likely that the Ethereum price could also receive a crucial level of resistance of $ 2,000. In addition, as whales and institutions accumulate, he supports the upper thesis of the largest Altcoin. A downward reversal will be confirmed if the upward trend stops and the ETH falls below $ 1,600.
Frequently asked questions (FAQ)
Ethereum Price can reach $ 2,000 if Bitcoin reaches $ 100,000. Arthur Hayes notes that when Bitcoin tackles his heights of all time, capital will start to turn into altcoins.
Santiment data show that Ethereum whales have accumulated 300,000 ETH in the past 24 hours. Meanwhile, the entries to locate the ETH FNBTH have reached the highest level in almost three months.
Ethereum formed a giant reverse head and shoulder model on its weekly graph. Analyst Gert Van Lagen notes that this could precede a rally at $ 20,000 if the ethn overcomes the resistance to $ 3,900.
muthoni
Muthoni Mary is a seasoned analyst and writer of the cryptography market with more than three years of experience in dissection of blockchain trends, price movements and market dynamics. With a lively eye for technical analysis and an in -depth understanding of the measures on the chain, it offers insightful content and focused on data that helps investors navigate in the rapid world of digital assets.
Warning: The content presented may include the author's personal opinion and is subject to the market state. Do your market studies before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
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