The biggest obstacle preventing #Ethereum (ETH) from breaking out is this 50-week EMA level. $ETH

In the past, after #ETH broke above the 50-week EMA, the price saw gains ranging from approximately 25% to 135%.

If we take the average of all these moves, we can say that a breakout above this level typically results in an average increase of around 58%.

This would put ETH right at the $4,000 price level.