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Ethereum Price Prediction: Key Levels to Focus If $ETH Enters New Correction
Ethereum's bullish run continues with a 17.7% weekly surge, outperforming Bitcoin after the US market debut of the first spot BTC ETF. Amid this rally, ETH broke the $2430 barrier, signaling potential for further recovery. Larry Fink, BlackRock's CEO, supports an Ethereum ETF, foreseeing a tokenization future. ๐ฌ "These are just stepping stones," he says.
Over the last 3 months, Ethereum soared 77%, hitting $2717 from a low of $1522. Recent lateral movements ended with a 10.21% spike upon SEC's BTC ETF approval. The CEO's statements and the rising interest in ETH suggest a bright outlook.
๐ก Key levels to watch: $2400 support holds, eyeing $2700 and $3000. Bollinger Bands show buyer dominance, and ADX at 19% signals recovered bullish momentum. Market correction might offer strategic entry points.
๐ Related developments: SEC Chair's Ethereum ETF decision pending, and various crypto predictions circulate. Stay tuned for potential market shifts!
