Here's when Ethereum will reach $4000
๐ Ethereum (ETH) is on the move! After a recent dip, ETH is showing signs of recovery and potential for a continued uptrend. Over the past months, Ethereum has outperformed Bitcoin (BTC), with analysts eyeing a significant price increase ahead, fueled by the anticipated launch of an Ethereum ETF.
๐ Key technical indicators point to bullish momentum: ETH is consolidating above the 200-day moving average, a positive signal for potential growth. Analysts suggest that a breakout above the current resistance level of $3,200 could pave the way for a climb towards $4,000 to $4,800.
๐ผ Institutional interest is strong, with major players accumulating ETH in anticipation of ETF approval. This aligns with bullish patterns seen on the weekly chart, where higher lows suggest a robust long-term trend.
๐ Short-term support levels around $3,056 to $3,250are holding firm, bolstering confidence in ETH's upward trajectory. With market conditions favorable and ETF approval expected soon, Ethereum could potentially reach $4,000 within the next 4 to 6 weeks.
Stay informed and trade responsibly! #Ethereumโ #BinanceTurns7 #ETH๐ฅ๐ฅ๐ฅ๐ฅ #EthereumETFApprovalExpectations #ETH_Market_Update