Can Ethereum Price Hit $4,000 as Global M2 Money Supply Soars and DXY Declines?
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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