CandleFocus Ethereum Price Could Still Reclaim $4,000 Based On This Bullish Divergence
2025-02-22
Author: Content Editor
The price of Ethereum dropped following news of the ByBit hack but on-chain data suggests that it could still reach $4,000 before the end of this cycle. An analyst on the CryptoQuant platform identified a bullish divergence in the taker buy/sell ratio of Ethereum, indicating a potential upward trend. The last time this bullish divergence occurred, Ethereum rallied over 60% from below $2,500 to above $4,000. Despite a current price of $2,650, the data suggests that Ethereum could still climb towards $4,000.
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