š Ethereum Price Eyes $4,800 Rally After Breaking Key Resistance
š 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.
š Despite recent weaknessāETH hit a 5-year low vs. BTC and had its worst Q1 in yearsāthe technical breakout offers a glimmer of hope. Current support levels align with Standard Charteredās $4,000 year-end target for ETH.
š„ 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.
š Still, ETH faces headwinds. Charts show lower highs and lows, pointing to a broader downtrend. Solanaās rise and bearish sentiment have sparked comparisons to Nokiaās decline.
š ļø Meanwhile, Bankless co-founder David Hoffman urges Ethereum to attract more users instead of restricting themāpart of a broader push to improve ETHās long-term price strength.
ā ļø Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
š 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.
š Despite recent weaknessāETH hit a 5-year low vs. BTC and had its worst Q1 in yearsāthe technical breakout offers a glimmer of hope. Current support levels align with Standard Charteredās $4,000 year-end target for ETH.
š„ 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.
š Still, ETH faces headwinds. Charts show lower highs and lows, pointing to a broader downtrend. Solanaās rise and bearish sentiment have sparked comparisons to Nokiaās decline.
š ļø Meanwhile, Bankless co-founder David Hoffman urges Ethereum to attract more users instead of restricting themāpart of a broader push to improve ETHās long-term price strength.
ā ļø 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.Ā See T&Cs.
ETH
1,793.11
+1.11%