Ethereum race springs on: ‘Moves like gold just before explosion’

The Ethereum course (ETH) exceeded $ 2,600 after a period of price pressure. According to analysts, this could be the start of a new upward trend. Analyst Crypto Goos even sees striking similarities with the price trend of gold just before his recordrally.

Ethereum is approaching crucial zone

According to Goos, Ethereum would currently follow a so -called five -point formation pattern. This classic accumulation model consists of two tops, two corrections and a round bottom. With gold, this pattern led between 2019 and 2024 to a breakthrough to an all-time high of almost $ 3,500.

So good news. The analyst suspects that ETH is now in the recovery phase, after the fourth correction. The next hurdle is between 3,000 and $ 3,500. According to Goos, that is similar to the turning point for gold. If this zone is broken, according to him, the rate can move on to 5,000 to even 6,000 dollars relatively quickly. That would mean an increase of more than 130 percent.

Resistance remains stubborn

Yet that breakthrough is not a foregone conclusion. At the beginning of this year, Ethereum was still under 3,000 dollars. Since then, the coin has not succeeded in staying above it several times. The resistance zone therefore remains a psychological and technical barrier.

Beursbedrijf announces billions of purchase

In the meantime, the institutional market also shows trust in Ethereum. The American sports betting company Sharplink Gaming announced that it would build up an ETH reserve of 1 billion dollars. That news led to a price jump of the share of no less than 2,600 percent.

The timing of this investment is striking. Sharplink seems to respond to the current price level of ETH as an entry -level moment. The market reacted enthusiastically, which can further stir up the interest in Ethereum.