en
Back to the list

Can Ethereum Price Hit $4,000 as Global M2 Money Supply Soars and DXY Declines?

source-logo  coingape.com 08 March 2025 10:42, UTC
image

Ethereum (ETH) is poised for a significant price rally in the near future due to a confluence of macroeconomic factors and technical patterns. A sharp decline in the US Dollar Index (DXY) coupled with the expansion of the Global M2 Money Supply add credence to that the risk-on assets are likely to rally. The Wyckoff Accumulation pattern noted on ETH price adds further credence that a bullish reversal to potentially $4,000 is likely.

coingape.com