Ethereum

Aave

altFINS

Spring

<p>The root of the recent Ethereum price surge may partially stem from interest from influential figures, such as Justin Sun, founder of TRON. According to <a href="https://twitter.com/lookonchain/status/1763136453117448518?t=8lVz_Xfj8w9FVKfGwvL3Rg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">on-chain analytics provider Lookonchain</a>, Sun recently deposited 100 million USDT to Binance, sparking speculation of further ETH accumulation.</p>
<p>Sun is suspected of controlling a wallet that purchased over 168,000 ETH worth $580 million from February 12th to the 24th. With Ethereum rallying since Lookonchain estimates his unrealized profit sits around $95 million.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="678" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1116-1024x678.png" alt="" class="wp-image-445886" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1116-1024x678.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1116-300x199.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1116-767x508.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1116-1536x1017.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1116-2048x1356.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1116-227x150.png 227w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1116-100x66.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1116-529x350.png 529w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1116-788x521.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1116.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>As Sun loads up his war chest with stablecoins, many anticipate further blockbuster buys if ETH corrects.</p>
<h2 class="wp-block-heading" id="ethereum-price-analysis">Ethereum Price Analysis</h2>
<p>Ethereum remains in a firm technical uptrend across short, medium, and long-term timeframes according to altFINS, a crypto analytics platform.</p>
<p>The rally has accelerated above $3,040 resistance, with altFINS eyeing $3,600 as the next target – representing 20% upside from the breakout point. However, the powerful 40%+ rally has driven Ethereum into overbought conditions.</p>
<p>With price rapidly approaching formidable resistance at $3,600 combined with overheated technical indicators, altFINS anticipates a brief pullback or consolidation driven by short-term profit taking.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1115-1024x573.png" alt="" class="wp-image-445878" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1115-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1115-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1115-768x430.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1115-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1115-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1115-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1115-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1115-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1115-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1115.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><strong>Key Support and Resistance Levels</strong></p>
<p>Previous resistance at $2,960 – $3,040 should now offer initial support. Below that, bulls will look to defend $2,750 if the pullback deepens. On the upside, a break above $3,600 resistance would open the door for a continued rally toward Ethereum’s all-time high around $5,000 – roughly 40% above current prices.</p>
<p>In summary, with figures like Justin Sun just getting warmed up, Ethereum price remains firmly bullish across all timeframe horizons. The main question in the near-term is whether overheated momentum can break above $3,600, or if a short-term pullback manifests first.</p>
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<p>The post <a href="https://captainaltcoin.com/justin-sun-appears-ready-to-buy-more-ethereum-eth-amid-bullish-price-action-here-are-the-next-key-levels-to-watch/" rel="noopener noreferrer nofollow">Justin Sun Appears Ready to Buy More Ethereum (ETH) Amid Bullish Price Action; Here Are the Next Key Levels to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Justin Sun Appears Ready to Buy More Ethereum (ETH) Amid Bullish Price Action; Here Are the Next Key Levels to Watch

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