Ethereum $ETH !
- Are we facing a historic upward wave?🧐
- Will the #البيتكوين scenario be repeated on Ethereum?🤔
- What are the expected future goals?
- Is it really the movement of#Ethereumthat determines the strength of the bull market?
By looking at the attached chart, we find that Ethereum has been showing a decent performance recently, as it was able to break resistance levels and hold on to them as stable support (green rectangles), indicating the possibility of starting a new upward wave towards historical levels.
The green areas shown on the chart indicate strong support.
This support proved strong, as the price moved upwards in a consistent manner from these areas.
Current Uptrend:
There is a consolidation of the price above the support of the $3,500 levels, which reinforces the expectations of increasing buying momentum.
The moving average (MA) on the daily frame supports the uptrend, with clear signs of continued movement towards higher levels.
Expected future goals:
The most optimistic scenario suggests that the $5,000 level could be reached in the coming weeks.
Price action and reaction at $4000 levels will be a crucial indicator to determine the momentum in the near term.
What does this move mean for investors?
For long-term investors, Ethereum looks like it is in an ideal position to build and strengthen their positions.
As for speculators, maintaining the $3,500 levels as a support level will be a sure sign of a launch towards $5,000 and perhaps more.
Finally:
Ethereum’s success in maintaining this momentum could put it at the top of the market again, making the current period very crucial.
What do you think? Will Ethereum be at the top of the trend in the coming days?
> Follow us for updated and detailed analysis of the currency market, the most important forecasts and updates!