Can Etherium reach to $5000 to $10000??
The failure of the bears to sustain Ether (ETH) below the neckline of the head-and-shoulders pattern suggests that the breakdown on Jan. 13 may have been a bear trap.
The ETHUSDT pair started a relief rally, which has reached the 20-day exponential moving average ($3,374). If buyers drive the price above the 20-day EMA, the next stop is likely to be the 50-day simple moving average ($3,566) and later $3,745.
Time is running out for the bears. If they want to make a comeback, they will have to pull the price back below the neckline. If they manage to do that, the pair could plunge to $2,850. Buyers are expected to vigorously defend the $2,850 level.
Ethereum price currently stands just above $3300, with a reversal sentiment playing out thanks to a 2.3% 24H spike. Despite strong support at $3000, ETH price faces resistance levels near $3500 and then $4000, with mixed technical indicators suggesting cautious optimism for recovery. ETH price predictions highlight gradual upward trends for 2025, potentially leading to new highs above $5700 by year-end amid bullish network activity.
