The price of Ethereum (ETH) is showing signs of increased accumulation from large investors, and analysts believe it could follow a pattern similar to last February's rally. The price has broken out of a falling wedge pattern, indicating a reversal of the trend. Market analysts compare the current price chart to the parabolic pattern observed in February 2021, suggesting that ETH could experience a steep rise in value in the coming weeks. On-chain data also shows a significant amount of ETH being moved off exchanges, indicating long-term investor interest. Additionally, ETH ETFs saw over $400 million in inflows last week, reinforcing institutional confidence. Factors such as the low gas fees, improvement in usability and scalability, and reports of Donald Trump buying ETH are contributing to the overall bullish sentiment. if Ethereum can surpass the $3,000 level, it is likely to see rapid price growth.



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