ETH Surges 43.75%, Targets $3,600

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Ethereum price revisit December

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Ethereum Price May Hit $3,600 Next Hints Accumulation Pattern

Summary

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62% Informative

ETH 's price surged 43.75% between May 8 and 10 , from $1,808 to $2,600 .

ETH /BTC ratio has been on a downtrend since 2022 , which shows relative weakness of ETH against Bitcoin .

The rally-consolidate-rally pattern works well for ETH due to the nature of the markets and investor psychology.

While the recent surge was impressive, ETH price is most likely preparing for a correction.

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