Ethereum Eyes $3,000, But ETH Price Shows Key Resistance Ahead 📈
Ethereum (ETH) demonstrates both strength and caution following a 49% rally. Its market cap has surpassed $300 billion, though momentum indicators like ADX and RSI indicate a potential cooling off. Buyers remain willing, as a breach above key resistance could push prices beyond $3,000.
The ADX has dropped from 61 to 47.99, signaling weakening trend strength, while RSI has fallen from 86 to 63. Despite analysts suggesting Ethereum might overtake Bitcoin, bearish pressure is on the rise, but bullish control attempts persist.
After a 43% weekly surge, Ethereum eyes $3,000, but resistance at $2,617 holds firm. A successful breakout could lead to a jump to $2,855 and possibly $3,442. However, losing support at $2,320 could start a downward trend.
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