Will $ETH surpass 4,000 dollars?
From a technical perspective, Ethereum's recent bullish performance has gone through a series of repetitive patterns, each triggering a new annual high.
Since November 9, a local ETH high has been preceded by a range of lower highs, where a liquidity zone (orange box) has been established. This liquidity range acted as support before the next upward push, and bullish confirmation was noted once the relative strength index (RSI) and the 50-day EMA or the 100-day EMA were tested.
This article does not contain investment advice or recommendations. Every investment and trading move carries risks, and readers should conduct their own research when making a decision.
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