Ethereum Could Reach 12,000, But Only If These Conditions Are Met

• The ETH market has displayed an inverted head and shoulders pattern, a sign typically indicating potential price increases.
• The influx of liquidity and a slow decrease in exchange availability have raised the chances of an ETH surge.

After experiencing weeks of downturns — including a significant drop of 9.32% over the last seven days — Ethereum [ETH] is beginning its recovery journey. The asset has shown a gain of approximately 3.05% in the past day, signaling renewed trader interest.

The analysis from AskFX points out multiple market dynamics that indicate ETH’s upward trend might be setting up for an extended rally.

ETH displays multiple bullish indicators

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This positive trend could assist ETH in surpassing neckline resistance and potentially establishing new highs approaching $13,000.
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