How will ETH price move? Can it break new highs?

Technically, ETH has broken through the Ichimoku cloud, which is a good sign. This cloud can identify market support and resistance; if the price is above the cloud, there is support, and it may rise.

Based on the current trend, if ETH stabilizes above the cloud, it is expected to rise to $4,109. If the bulls are strong, it could even reach $4,500.

However, the market is unpredictable. If the bears are strong, ETH price could face downward pressure, potentially dropping to $3,111.

If selling increases, it may even fall below $3,000, entering a deep correction zone.

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