Ethereum Just Posted Its 8th-Largest Rally: Chase ETH or Wait?
- ETH’s 17.9% surge ranks as its eighth-largest daily gain since 2018.
- History shows mixed short-term results after Ethereum’s biggest rallies.
- ETH faces major resistance between $2,240 and $2,350 after its rally.
Ethereum has delivered one of its biggest daily rallies since 2018, with the cryptocurrency surging 17.9% in a single day. The move has put traders at a familiar crossroads: enter while momentum is strong or wait for the market to cool down.
Real Vision crypto market analyst Jamie Coutts said the move ranks as Ethereum’s eighth-largest daily gain since 2018. But historical patterns offer little certainty over the immediate direction.
According to Coutts, the odds of ETH continuing in the same direction in the short term are close to a coin toss, while the probability of gains improves over the following three to six months.
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