Analysis: Ethereum breaks through key resistance level, may trigger a new round of "counterfeit products season"
2025-05-27 15:35:49
According to Cointelegraph analysis, the price of Ethereum (ETH) has broken through the mid-line of the Gaussian channel (around $2,600), a technical indicator that has historically heralded a significant rally. The analysis shows that ETH could target $4,100, and could trigger a broad "counterfeit products season". After the past two breaches of this level, the market value of counterfeit products has increased by 1,400% (2020) and 200% (2023) respectively. If the pattern of Bitcoin's dominance declining after the halving resumes, analysts expect the market value of counterfeit products to climb to $15 trillion. However, there are risks: the cost base for ETH holders of about $12.30 billion is in the range of $2,300-2,500, and if the price pulls back, it may trigger selling pressure.
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