Ethereum Bulls Wake Up: $4,000 Target Back on the Radar After Reclaiming Key Level 🚀
Ethereum is aligning with the crypto market recovery, rebounding above $2,400 after a dip to $2,177. Analysts highlight the importance of the 50-day EMA for determining Ethereum's price trajectory. A decisive break above could propel ETH to $2,800, potentially reaching $4,000 if resistance is breached.
Expert İbrahim COŞAR stresses consistent closes above $2,500–$2,600 to confirm a breakout, drawing parallels to previous sharp moves that took ETH to $4,000. Long-term resistance, such as the 50-week EMA, remains crucial, with geopolitical factors adding uncertainty to the mix.
Another analyst, Javon Marks, observes Ethereum breaking a descending trend line, predicting gains towards $4,811.71 and possibly $8,557.68 if momentum builds. Despite the volatility, a continuation of the upward trend is anticipated if resistance levels hold and external disruptions are minimal.
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