Ethereum's Next Capitulation: 90 Days to Price Surge

Ethereum's next capitulation event could be just 90 days away, according to recent market analysis. The countdown has begun, and investors are eagerly awaiting the potential price surge that may follow. In the last hour, Ethereum's price increased by 0.38%, but it also dropped by 1.19% in the last 24 hours, indicating significant volatility.

The past seven days have seen a 14% decline in Ethereum's price, but institutional traders have identified a bullish trend in its price movement. This positive sentiment has created a recapitulation candle, which could trigger a substantial price increase. Looking back at Ethereum's history over the past 24 months, there have been three strategic capitulation events that successfully led to price surges. These events typically occurred weekly during periods of intense sell-offs. Before each event, Ethereum's price hit rock bottom, a pattern that seems to be repeating now.

If the previous capitulation events are any indication, a peaking price surge could be on the horizon. The second capitulation in 2024 stabilized Ethereum's price, and the market low experienced by the stablecoin suggests that the third capitulation is approaching. As of February 7, Ethereum's price stands at $2746.03. A 100% pump following the capitulation could help the token surpass its minimum resistance level of $3000.

TedPillow projects that Ethereum could reach $8000 after the next capitulation event. However, the next resistance level may be within the $3000 to $3950 range. Historically, Ethereum has faced rejections after reaching inflated price points following previous capitulation events. The next 90 days will be crucial in determining whether the recent pullback was a temporary setback or a more significant blow to the coin.