Ethereum (ETH) to $5,000? One Resistance Left
Main Idea
Ethereum (ETH) is nearing its all-time high zone with $4,000 as the next key resistance level, and a breakout could pave the way to $5,000.
Key Points
1. Ethereum is currently above $3,700, with $4,000 being the only significant resistance left before potential new highs.
2. The rally has been supported by strong volume and retail participation, with a breakout above $3,030 acting as the initial catalyst.
3. The RSI is overbought (above 87), but sustained momentum and volume could allow the uptrend to continue.
4. A clean break above $4,000 could target $5,000, as there is no major resistance between these levels.
5. Ethereum is trading well above its 50-100 and 200-day EMAs, indicating strong bullish momentum.
Description
Ethereum really close to making it to all-time high zone
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