🚀 Ethereum Price Eyes $4,800 Rally After Breaking Key Resistance
📈 Ethereum ( $ETH ) may be set for a strong rally, with crypto analyst Javon Marks predicting a move toward $4,800. ETH has broken out of a descending trendline, and as long as it holds above, bullish momentum could build.
📉 Despite recent weakness—ETH hit a 5-year low vs. BTC and had its worst Q1 in years—the technical breakout offers a glimmer of hope. Current support levels align with Standard Chartered’s $4,000 year-end target for ETH.
💥 Marks adds that if ETH powers through $4,800, it could even hit $8,000, referencing a historical 2020 pattern. He suggests a +200% surge is possible if momentum continues.
📊 Still, ETH faces headwinds. Charts show lower highs and lows, pointing to a broader downtrend. Solana’s rise and bearish sentiment have sparked comparisons to Nokia’s decline.
🛠️ Meanwhile, Bankless co-founder David Hoffman urges Ethereum to attract more users instead of restricting them—part of a broader push to improve ETH’s long-term price strength.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
📈 Ethereum ( $ETH ) may be set for a strong rally, with crypto analyst Javon Marks predicting a move toward $4,800. ETH has broken out of a descending trendline, and as long as it holds above, bullish momentum could build.
📉 Despite recent weakness—ETH hit a 5-year low vs. BTC and had its worst Q1 in years—the technical breakout offers a glimmer of hope. Current support levels align with Standard Chartered’s $4,000 year-end target for ETH.
💥 Marks adds that if ETH powers through $4,800, it could even hit $8,000, referencing a historical 2020 pattern. He suggests a +200% surge is possible if momentum continues.
📊 Still, ETH faces headwinds. Charts show lower highs and lows, pointing to a broader downtrend. Solana’s rise and bearish sentiment have sparked comparisons to Nokia’s decline.
🛠️ Meanwhile, Bankless co-founder David Hoffman urges Ethereum to attract more users instead of restricting them—part of a broader push to improve ETH’s long-term price strength.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
1,800.5
-0.19%