Ethereum

Rally

bullish

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Ethereum (ETH) is predicted to surpass $3K in September, according to market analyst Michael van de Poppe.</li> 
 <li>U.S. investors have shown a positive demand for ETH.</li> 
</ul>  
<p>Market analyst Michael van de Poppe forecasts that <a href="https://coineagle.com/price/ethereum/">Ethereum (ETH)</a> will recover from recent losses and exceed $3K in the coming month.</p> 
<p>Van de Poppe highlighted that ETH had not seen more than three months of losses before the 2018 bear market.</p> 
<h2 id="eth-s-potential-rally">ETH’s Potential Rally</h2> 
<p>Given the current market cycle is believed to be bullish, Van de Poppe estimates that there is over an 80% chance of ETH reaching $3K in September.</p> 
<p>Looking at the weekly charts, ETH’s recent decline halted at a weekly support area near $2500.</p> 
<p>Historically, it has taken ETH approximately three weeks to rise to $3500, a pattern observed in early 2022 and 2024.</p> 
<p>The Stochastic RSI (Relative Strength Index) is currently in oversold territory, indicating a likely price reversal.</p> 
<p>Nonetheless, for ETH to secure additional recovery gains, it must first overcome the $3000 barrier and range-lows.</p> 
<h2 id="positive-demand-for-eth">Positive Demand for ETH</h2> 
<p>U.S. investors have demonstrated a growing interest in the altcoin, as indicated by the positive Coinbase Premium Index.</p> 
<p>The recent U.S. spot ETH ETFs experienced positive inflows last week, with BlackRock’s ETHA approaching the $1B mark.</p> 
<p>Historically, positive demand from US investors has coincided with ETH’s recovery or rallies, suggesting that a sustained positive Coinbase Premium could lead to further ETH rebound.</p> 
<p>Speculators in the Futures market have shown bullish sentiment towards the largest altcoin, as evidenced by the positive Taker Buyer Sell Ratio.</p> 
<p>If these positive on-chain readings continue in the coming days, ETH’s rally to $3K and beyond could become a reality.</p> 
<p>However, ETH gas fees have been reaching record lows, indicating a decrease in network activity that could potentially hinder strong recovery prospects, at least in the short term.</p>

Could Ethereum Soar Past $3K in September? Examining an 80% Probability

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CoinEagle.com

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