Ethereum’s Bullish Momentum: Can $ETH Hit £2800 and Beyond?
Ethereum’s daily chart shows a promising bullish setup, with Ethereum eyeing a key resistance at £2800 as the first major target. A breakout here would not only signal strong upward momentum but could also open the doors to test the next big level at £3000.
Several factors support Ethereum’s bullish outlook. First, recent price action has formed higher lows, suggesting buyers are stepping in to support ethereum's and pushing momentum upward. Additionally, technical indicators like the RSI are in bullish territory, and trading volume has increased—two strong signs that the market may be gearing up for a rally.
However, £2800 remains a critical level. Traders should watch closely as Ethereum approaches this resistance. A decisive close above £2800 could be the catalyst needed to propel $ETH toward its final target of £3000, a psychological barrier with historical significance.
For now, Ethereum remains in bullish territory, and traders should stay alert for any strong breakouts or patterns that confirm momentum. If these targets are reached, it could set the stage for further gains in Ethereum’s price.
