- Bullish ETH ascending broadening wedge pattern progresses.
- Next ETH ATH could arrive soon with the first between $7,700 and $9,900.
- Seasoned analysts expect altseason peak to arrive soon.
Analysts are eagerly and patiently waiting for ETH price to pump this bull cycle. The pioneer altcoin has yet to set a new ATH this bull cycle and its first cycle ATH is expected to usher in the peak of the ongoing bull cycle’s altseason. Presently, many analysts believe that a major buy signal is in play for the altcoin that may have just set a bullish bottom.
ETH Ascending Broadening Wedge Pattern Draws Whale Attention
It seems like whales are bullish on $ETH.
A whale created a new wallet 2 days ago and withdrew 7,347 $ETH($19.95M) from #Binance.https://t.co/UMbPoUgFtW pic.twitter.com/TVQa1ULGH5
— Lookonchain (@lookonchain) February 17, 2025
As we can see from the post above, it seems that whales are bullish on ETH and have begun to largest accumulate the altcoin. In fact, both BTC and ETH seem to be flowing out of crypto exchanges and into independent whale wallets. This is a great bullish signal for the crypto market and analysts expect new ATHs for both ETH and BTC.
The post above in particular shows one whale who created a new wallet 2 days ago and withdrew 7,347 ETH valued at $19.95 million from Binance. Seasons crypto analysts expect a supply shock for BTC in the coming that could pump the price of Bitcoin to new ATHs, this could later reflect on ETH prices as well.
Next ETH ATH Could Arrive Between $7,700 and $9,900
#Ethereum Road to $7,700 – $9,900 🚀#ETH continues to progress within an ascending broadening wedge. pic.twitter.com/fBCzyFFF8Q
— Titan of Crypto (@Washigorira) February 15, 2025
Meanwhile, several altcoins are setting up to hit new ATHs and Ethereum price is expected to lead them with a parabolic pump. In detail, analysts expect ETH price to hit a new ATH between $7,700 and $9,900. The post above shows ETH’s continued progress in an ascending broadening wedge which will lead to new ATHs soon.
