Analyst: Ethereum's multiple support levels and market signals suggest a huge potential for future growth

According to analyst Ali on X, Ethereum is showing strong bullish signs in the current market environment. Key support levels include the major buying area at $3000, where approximately 2.82 million addresses have purchased over 6.14 million ETH. Another key support level is the lower boundary of the channel, located at $2400. Additionally, there's a bullish theory suggesting that Ethereum may be mimicking the price behavior of the SP 500 index, setting a target price for Ethereum at $10,000.

The current price channel indicates that Ethereum will test upper boundaries of $4000 and $6000. Meanwhile, large-scale Ethereum holders are seizing opportunities and have already purchased more than $1.4 billion worth of ETH. Investors are sensitive to this; an evident shift from dispersion to accumulation has been shown by Ethereum spot ETFs with total purchases exceeding $147 million worth of ETH so far. In every market cycle, there was a time when Ethereum surpassed Bitcoin - although it hasn't happened yet in this cycle but it's expected to happen soon. Currently lagging behind Bitcoin provides investors with an opportunity to buy before its performance surpasses Bitcoin's.