Can Ethereum Price Hit $4,000 Despite the Recent Crash 📉
Ethereum's price has recently experienced a downward trend, raising concerns among traders and investors. However, there remains optimism that the cryptocurrency could still reach the $4,000 mark. This possibility arises as Ethereum stabilizes within a 42-day period of trading sideways, creating a defined range between bullish and bearish sentiment.
The key resistance level appears to be at $2,850, a threshold that could be decisive in determining Ethereum's next moves. As the market sentiment splits between bulls and bears, traders continue to watch this horizontal channel closely, searching for signs of a potential breakout.
Source: www.thecoinrepublic.com ↗
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