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Ethereum (ETH) is showing strong bullish momentum, with crypto analyst Kaleo forecasting a potential ‘God candle’ surge that could push ETH past $4,000. The prediction follows a decisive breakout above key resistance levels, fueled by positive market sentiment and institutional interest.
- Kaleo predicts a 'God candle' rally could push Ethereum (ETH) above $4,000, citing a breakout from an ascending wedge pattern.
- ETH has reclaimed the $3,000 support level, turning it into a springboard for further gains, with intermediate resistance near $3,344 (Fibonacci 0.618).
- Institutional interest in ETH is growing, with Peter Thiel’s Founders Fund acquiring a 9.1% stake in Bitmine Immersion Technologies, which holds over $500M worth of Ethereum.
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