koinmilyoner
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Bullish
Ethereum Analyst Targets $3,000 As Price Action Signals Momentum
Ethereum and the crypto market saw a tiny but significant surge yesterday, raising expectations of a trend reversal following weeks of negative pressure. Investors are waiting for a breakout as global economic difficulties and US-China geopolitical tensions increase market instability.
Ethereum is holding above important support levels and approaching a trend reversal, therefore traders and investors are waiting for confirmation. Volume and emotion may indicate the start of a major rally that might change cycle predictions.
Market players are focused on Ethereum's pricing structure. Recent rebound from $1,500 suggests a higher low, a trend-reversal scenario. Bulls may gain momentum if ETH breaks $1,700 and breaks the falling trendline.
Runefelt predicted Ethereum will rise rapidly. If short-term resistance levels break, his next price objective is $3,000.
With expanding DeFi and real-world asset use, Ethereum stays robust despite global dangers. ETH might lead the crypto comeback if the breakout occurs and market mood stabilizes.
Price Hits Key Resistance As Bulls Fight Momentum
Ethereum is trading around $1,630 following another failed breach over the $1,700–$1,800 resistance zone. Over the previous several weeks, this price range has limited positive momentum and kept ETH in a decline. Bulls must recapture the local high at $1,691 from last week to indicate a structural change and a recovery rally.
A strong advance over $1,700 might lead to a psychological and technical test of $2,000, a major milestone. Recent bullish efforts have failed due to macroeconomic tensions and risk-off attitude, indicating crypto market uncertainty.
If Ethereum fails to rise beyond present levels, a regression toward $1,500 is probable, with more loss if selling pressure increases. This level has provided crucial support in recent weeks. ETH risks more weakness and corrections without a breakthrough. Bulls must gain momentum to turn resistance into support and prevent another move down.
#ETH $ETH
Ethereum and the crypto market saw a tiny but significant surge yesterday, raising expectations of a trend reversal following weeks of negative pressure. Investors are waiting for a breakout as global economic difficulties and US-China geopolitical tensions increase market instability.
Ethereum is holding above important support levels and approaching a trend reversal, therefore traders and investors are waiting for confirmation. Volume and emotion may indicate the start of a major rally that might change cycle predictions.
Market players are focused on Ethereum's pricing structure. Recent rebound from $1,500 suggests a higher low, a trend-reversal scenario. Bulls may gain momentum if ETH breaks $1,700 and breaks the falling trendline.
Runefelt predicted Ethereum will rise rapidly. If short-term resistance levels break, his next price objective is $3,000.
With expanding DeFi and real-world asset use, Ethereum stays robust despite global dangers. ETH might lead the crypto comeback if the breakout occurs and market mood stabilizes.
Price Hits Key Resistance As Bulls Fight Momentum
Ethereum is trading around $1,630 following another failed breach over the $1,700–$1,800 resistance zone. Over the previous several weeks, this price range has limited positive momentum and kept ETH in a decline. Bulls must recapture the local high at $1,691 from last week to indicate a structural change and a recovery rally.
A strong advance over $1,700 might lead to a psychological and technical test of $2,000, a major milestone. Recent bullish efforts have failed due to macroeconomic tensions and risk-off attitude, indicating crypto market uncertainty.
If Ethereum fails to rise beyond present levels, a regression toward $1,500 is probable, with more loss if selling pressure increases. This level has provided crucial support in recent weeks. ETH risks more weakness and corrections without a breakthrough. Bulls must gain momentum to turn resistance into support and prevent another move down.
#ETH $ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
2,559.6
+3.30%