Ethereum shows a strong rebound, holding key support, the $3,900 milestone is just around the corner!
Ethereum is experiencing a technical breakout! Successfully holding the key support level of $2,516.7, ending months of consolidation, and initiating a vigorous upward trend. The current price is nearing $2,829, with strong buying pressure, locking in the next target - the $3,900 resistance level!
After rebounding from a low of $2,197 in May, Ethereum has broken through mid-term support, with significant signs of capital inflow and booming market demand. Top analyst Rekt Capital states that this trend mirrors the classic breakout patterns seen in early 2024 and mid-2021, with $2,500 becoming a solid support level. The weekly closing price is strong, trading volume is increasing, and sentiment has fully turned bullish!
The $1,700 to $2,200 range, previously seen as a bottom, has undergone multiple tests leading to quick rebounds, with the $2,400 to $2,500 area forming a solid buffer zone that absorbs adjustment capital and accelerates price surges.
The market shows strong accumulation signals, with market capitalization returning to $345 billion. Industry experts are unanimously optimistic about the coming months, with Ethereum likely to challenge the $3,000 mark, and even reach the $3,900 high!
Don’t just wait and see, seize this excellent opportunity for Ethereum's explosive growth, and let your wealth increase starting now!
