Ethereum (ETH) Price Predictions for This Week
Main Idea
ETH has surged above $4,200, reaching a level not seen since December 2021, signaling strong bullish momentum and potential for further price discovery.
Key Points
1. ETH is trading above $4,200, a price level last observed in December 2021.
2. The next major resistance level is the all-time high (ATH) of $4,862; breaking this could lead to price discovery.
3. Since April, ETH has been in a strong uptrend with only brief corrections, and sellers failed to keep it below $4,000 in early August.
4. The weekly MACD indicates a steady uptrend with no reversal signs, supported by expanding moving averages.
Description
ETH is above $4,200, a level not seen since December 2021! Key Support levels: $4,000 Key Resistance levels: $4,862 1. Bulls Eye the ATH The last time ETH was this high in price it was 2021. This is a major signal to the market that buyers mean business and are ready to take this cryptocurrency much higher. The prime target right now is the all-time high at $4,862. Once that is broken, ETH can enter price discovery. Chart by TradingView 2. Bulls Dominate the Chart Since April, the cryptocurrency...
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