This Ethereum Hidden Bull Divergence Says Price Will Rise Over 100% To Break $4,900 ATH

Javon Marks, a crypto analyst, forecasts a potential Ethereum rally to surpass its all-time high of $4,900. He identifies a hidden bullish divergence pattern suggesting a possible 140% surge for ETH. Marks' chart indicates a potential $5,000 target by mid-year despite current struggles below $2,000. He emphasizes ETH's positive response to bullish divergence, hinting at a larger bull reversal. Marks also envisions ETH reaching $8,500 based on the broader market outlook. Contrasting this, Standard Chartered lowered its year-end ETH target to $4,000, citing declining institutional demand. The bank also predicts a potential drop to $1,300 before a recovery. Another analyst, Trader Tardigrade, warns of a bearish pennant pattern, potentially driving ETH to $1,136. Tardigrade notes consolidation and a likely sharp downward move if the support fails. He remains long-term bullish, anticipating a recovery to possibly $7,000 after the anticipated consolidation. The current Ethereum price hovers around $1,968, showing an upward trend within the last 24 hours.