Ethereum Eyes $4K as it Retests Key Resistance With Surge in Trading Volume
Main Idea
Ethereum (ETH) is testing a key resistance level near $3,800, with potential for a rally to $4,000 if Bitcoin surpasses $120K, while trading volume surges by 37.95%.
Key Points
1. ETH is testing resistance near $3,800, with a potential 12.8% pullback to $3,260 if it fails to break through.
2. Analyst Michaël van de Poppe predicts ETH could reach $4,000 if Bitcoin rises above $120K, potentially boosting altcoin returns.
3. Trading volume increased by 37.95%, reflecting heightened market activity amid price volatility.
4. ETH's market cap remains steady at $455.22 billion, with a 24-hour trading volume of $28.91 billion.
5. A key support zone lies between $2,850 and $2,700, providing a safety net if nearer support levels fail.
Description
ETH tests resistance near $3,800 with potential 12.8% pullback to $3,260 liquidity zone. BTC above $120K could push ETH to $4,000, triggering altcoin double-digit gains. Trading volume rises 37.95% amid volatile swings; market cap steady at $455 billion. Ethereum (ETH) has tested resistance four times without a big correction as noted by analyst Michaël van de Poppe. He predicted that if Bitcoin rises above $120,000, Ethereum could reach $4,000, possibly leading to double-digit returns across al...
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