ETH Price Pattern Forecast Rally to $5,000
Ether (ETH) price shows a "Power of 3" setup after a trend deviation between $2,100 and $2,200. Following a consolidation phase from May 9 to June 20, a liquidity sweep pushed ETH to multimonth support, but buyers quickly drove the price above $2,500. The "Power of 3" model outlines phases of Accumulation, Manipulation, and Distribution. The accumulation phase featured low volatility, while manipulation triggered a brief drop below $2,200, leading to a rebound as institutional demand surged, with 106,000 ETH in net inflows noted. The distribution phase targets above $5,000, suggesting a potential 100% rally. However, a bearish outlook indicates a possible 25% decline toward $1,600 due to resistance failure and whale movements redistributing ETH. Current market conditions show increased selling pressure and negative short-term funding rates, with key downside targets between $2,350 and $2,275.
