Technical data on the price of medical ether (ETH) show that due to many rising expertise and stock fundamentals, it will rise by 35% by March 2022.

The price of medical ether has risen above two important moving averages.

On January 8th, the price of Ether has already exceeded the 21-week index moving average (21-week moving average; blue-purple wave) and 200-day simple moving average (200-day SMA; orange wave).

Historically, these moving averages have separated the bull market from the bear market. When the price of ETH is higher than this price, they are thought to be in a bull market, and vice versa.

The last time Ether broke through the 21-week moving average and 200-day moving average was in April 2022. But this is a hoax, in part because Hengyuan Real Estate (King Luna) went bankrupt in the following month.

However, although Ether's MA crossover does not guarantee further gains, the upside potential will become greater if you combine the other rising factors described below.

Etheric Beijing hard fork, great white shark accumulation

Driven by a looser macroeconomic market outlook and growing expectations that the ether will be updated in shanghai, the price of the ether rose by 20% in the first two weeks of January 2023.

The update is expected to be released in March and will lead to the withdrawal of betting ETH.

Related: there are five signs that a bull market in alternative currencies is likely to be under way.

Several experts, including Kunar Gore, an analyst for scientific research at Messari, and Johansen Otomuro, head of scientific research at IntoTheBlock, pointed out that the upgrade in Shanghai will make the ether more attractive, although the release of many of the etheric supplies is risky for sale.

In addition, physical lines, known as "great white sharks", have long sprung up in the richest detailed addresses of the etheric, with 1 to 10000 ETH. According to Santiment, the total number of great white sharks has increased by 3000 since November 2022.

This implies the strong accumulation of ETH, which should be a key reason behind the rebound of ETH from 2023 to now.

ETH price breaks through important moving average

From a technical point of view, Ether is breaking closely above the friction resistance convergence point, the 50-3D moving average (red wave) around $1395, and its downward trend line as part of a popular symmetrical triangle.

In other words, if the market closes above the convergence point, ETH could move towards the next overall target of $1880 near the 2003D moving average (blue waves), up about 35 per cent from total demand at this stage.

Interestingly, the level of $1880 became a pressure level in May 2022 and August 2022.

Conversely, the adjustment from the rendezvous point will increase the probability of the Ether adjusting to a lower moving average to a symmetrical triangle of about $1200, which is a 15% drop from the current level.