Ethereum has been consolidating below its critical $4,100 resistance level, but recent market data suggests it is gearing up for a major move. A three-year-long cup and handle pattern, a classic bullish structure, is forming on the charts, indicating that Ethereum could rally as high as $7,238.
Analysts predict that as institutional adoption of Ethereum-based applications increases, the demand for ETH could skyrocket, mirroring Bitcoin’s past bull cycles. Ethereum’s role in DeFi, NFTs, and smart contracts remains unmatched, reinforcing its position as a long-term investment. However, while Ethereum’s rally may generate strong returns, its growth potential is far more limited compared to newer projects entering trillion-dollar industries. This is where Web3Bay presents a far greater upside, combining blockchain technology with real-world commerce, an industry valued at over $5 trillion globally.
