📢 Ethereum Price Predictions: 12% Surge and Approaching Breakthrough of $5,000 🚀
After weeks of sideways movement, Ethereum has come back to life with a strong rise of over 12.4% reaching $4,752. This rapid increase has restored hope for investors for a historic breakthrough towards $5,000.
🔹 Key Technical Points:
Ethereum broke the downward trendline confirming a bullish breakout.
Important support levels: $4,356 and $4,200.
Critical resistance: $4,800, which may open the way directly towards $5,000.
📊 Technical Indicators:
Relative Strength Index (RSI) at 81, indicating an overbought condition but it is normal during strong breakouts.
The 50 and 200-day moving averages at $4,285 support the upward trend.
🔮 Predictions:
Bullish scenario: Breaking above $4,800 means entering a Price Discovery phase (new historical prices) with a quick possibility of reaching $5,000.
Bearish scenario: Failure to break $4,800 may push the price back towards $4,356 or even $4,200.
✨ Currently, the control is in the hands of the bulls (buyers), and enthusiasm is increasing as the moment of truth approaches: Will we finally witness a new historical peak for Ethereum?