Could Ethereum Price Hit $5,000?

The price of $ETH is a bullish signal from a technical and on-chain perspective. As of August 26, the total ETH stake reached a new ATH of 34 million.

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A reversal of the $3,000 psychological level could take #ETH to $3,500. A break of the $2,618 support could trigger a crash to $2,500.

The continuation of the uptrend towards the resistance convergence point around $3,000 could trigger panic buying and push ETH much higher. Regardless, ETH needs to flip the key psychological level mentioned above to start a directional move. #BecomeCreator

According to August 2024 data, the overall Ethereum price prediction sentiment is neutral, with 15 technical analysis indicators giving bullish signals, while 15 technical analysis indicators are giving bearish signals.

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