Despite the rough week that cut off over 16% off of Ethereum’s tip, recent predictions hint at an aggressive recovery soon, fueled primarily by historic patterns and growing institutional support.
It’s now back above the $3,800 floating line with a 0.84% boost over the last 24 hours.
This swift recovery falls in line with its historic pattern defined by the asset’s ascending trend line, which became noticeable in August of this year. As the chart shows, $ETH bounced off of the $3,400-$3,800 support line three other times this year.
More importantly, each recovery stage resulted in a sharp peak, which could suggest a strong rally coming; one with an ATH potential.
When that happens, we may also see projects like Maxi Doge ($MAXI) gain a lot of attention as the $3.5M presale sees increased investor participation.
‘Crypto Dip Is Fooling Most People’ Says Analyst While Predicting Massive $ETH Bull Ahead
Market conditions may set Ethereum up for a massive bull push soon.
This is what crypto analyst Dan Gambardello believes when looking at Ethereum’s risk model chart.
According to Gambardello, Ethereum’s bound to go higher than its recent ATH and he rests his argument primarily on the growing institutional participation.
Do you think that these institutions are pouring into Ethereum and getting ready to approve all these altcoin ETFs […] right as Ethereum is just barely testing ATH from last cycle and you think this is the top for Ethereum?
—Dan Gambardello, X post
Gambardello’s assessment points at the rampant Ethereum hoarding among the top public investors, with BitMine Immersion leading the list comfortably thanks to its 2.8M Ethereum-strong treasury.
In addition to that, Ethereum’s recent performance mirrors the August-September 2020 one, which also included consolidation following the steep crash. If $ETH sticks to the same behavior, a sustained bull run is the safest bet over the next weeks or months.
Then we have issuers like Bitwise and 21Shares, who filed for Ethereum and Solana staking with the SEC. A favorable decision could transform how crypto ETFs generate yield.
These factors may be the catalysts that Ethereum needs to reach an even more impressive ATH this Q4. How big of an ATH? Fundstrat’s Tom Lee agrees with the $5,500-and-above target if market conditions align.
With Ethereum ready for an explosive Q4, we look at Maxi Doge for an alternative source for profit as the $3.5M presale sees rampant investor participation.
How Maxi Doge Takes Crypto Trading Back To Its Roots
Remember those days when crypto trading was pure emotionally-packed profit hunting, compared to today’s chart sniffing and min-maxing your every move? Maxi Doge ($MAXI) does and its full-pain, full-gain philosophy is meant to remind everyone of that.
The Maxi ecosystem thrives on the reckless and unhinged outlook on trading, driven by 1000x leveraged positions, no exit plan, and full-steam ahead.
The project’s philosophy is clear: retire at 22. There is no plan B, safety assessments, or constraints; it’s all Maxi energy stemming from canisters of Maxitren9000 and packs of Red Bull.
The fact that the presale garnered over $3.5M based on raw meme power and community hype is a testament to Maxi Doge’s investor appeal.
Read how you can buy $MAXI right here and get your stack while the coin is still cheap.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/ethereum-prediction-suggests-aggressive-recovery-as-maxi-doge-soars/