ETH surge to $4.5K proves the bottom is in

Ethereum has shown signs of recovery after hitting a low of $3,900, indicating a potential local bottom. Analysts suggest that a unique trading pattern called the Power of 3 model may forecast an 80% to 100% increase in the price of ETH by mid-2026. Recent analysis highlights that if Ether can maintain a daily close above $4,500, it could signal the next major rally. The recent price action has been interpreted as a liquidity sweep, arguably strengthening the bullish outlook. Despite a marginal increase in open interest and futures volume, the rise in price does not appear to be excessively leveraged, which reduces risks of liquidation if momentum stalls. However, a drop in spot demand signals potential challenges ahead. Key support levels are identified between $4,100 and $4,250, where price action could revert if bullish momentum fails to continue. Analysts remain optimistic about Ether testing new highs in the weeks to come, with expected gains echoing earlier in the year.

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