Ethereum to $7K ? $ETH Price Targets High
Ether (ETH) is due for a breakout toward $5,000, crypto analysis says, as the largest altcoin gains ground against Bitcoin (BTC).
Data from Cointelegraph Markets Pro and TradingView shows daily ETH price gains of more than 5% for Dec. 4.
Ethereum is having its turn in the spotlight as Bitcoin cools its record-breaking rally.
While lingering below the $100,000 mark, BTC/USD has slipped from traders’ radar as a long-awaited “altseason” emerges.
“$ETH finally showing up to the party,” On various timeframes, key resistance/support flip that should send ETH/USD to the psychologically significant $5,000 level next.
“No matter how you look, you cannot ignore this giant cup and handle/consolidation triangle forming for Ethereum since Nov 2021: Price Target = $7,346
“$ETH shows a ton of momentum as it’s facing its first resistance. I’m pretty happy that we’re seeing this here, and I expect we will have massive momentum from the entire Ethereum ecosystem.
Last week, meanwhile, trading firm QCP Capital already saw ETH/USD retesting its current all-time high near $4,900.
