Ethereum, Preparing for $4,000 Upward Pressure?..."Explodes the Moment You Give Up"

▲ Ethereum (ETH)

Bullish arguments that Ethereum (ETH) is creating structural upward pressure towards $4,000 clashed directly with correction theories based on weekly chart sell signals.

According to NewsBTC on May 15 (local time), crypto analyst Tice argued that Ethereum's $4,000 rally is not an absurd expectation but rather a “structural magnet.” He stated that while the market is giving up on Ethereum, he is accumulating it based on technical trends.

Tice analyzed that Ethereum's price structure is compressing and that a significant portion of liquidity liquidation has already occurred. He observed that Ethereum is forming a structure of higher lows, not lower highs, even amidst extreme doubt, and that forced sell-offs have been absorbed. Tice defined the current trend not as bearish but as the final stage of an accumulation phase.

Tice stated, “Ethereum is currently the most uncomfortable asset to hold, but precisely for that reason, it will explode.” He compared Ethereum's current price trend to Netflix's past trend. Just as Netflix remained in a box range for years, reconfirming its lows six times before a sharp rise, Ethereum is also going through the same period of compression, fatigue, and investor exodus.

On the other hand, crypto analyst Ali Martinez raised the possibility of a correction, stating that a new sell signal has appeared for Ethereum. He said that the TD Sequential indicator has worked very precisely in predicting Ethereum's trend over the past year, and all signals generated on the weekly timeframe have been confirmed by significant price movements.

Based on this sell signal, Martinez suggested that Ethereum could enter another correction phase. He provided downside targets of $1,900 in the short term, $1,565 in the medium term, and $1,090 in the long term if selling pressure increases. NewsBTC reported that the simultaneous emergence of the $4,000 bullish theory for Ethereum and the TD Sequential sell signal has intensified the debate over the market's direction.

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