Ethereum Soars with a 7% Increase as Market Watchers Predict More Growth

Ether nearly reached $3,400 on Coinbase, its highest value since mid-November, sparking analysts to predict a continued upward trend. As Bitcoin experiences a slight pullback, Ethereum appears to be leading the crypto rally. Crypto analyst 'Negentropic' suggested that Ethereum is preparing for a significant move, based on past patterns and its reclaimed dominance. Analyst Merlijn The Trader pointed out a large inverse head-and-shoulders pattern forming on Ethereum, indicating a potentially bullish structure. 'Rekt Capital' also noted Ethereum's ability to demonstrate price-strength confirmation at its current demand region. If future trends continue to support this move, Ethereum could see a sustained upward trajectory. Conversely, Bitcoin's rally to $94,500 was brief, falling back to $92,000, while altcoins showed mixed results. Despite this, Ethereum appears to be at the forefront of the current market rally.