$ETH Ethereum Price Prediction

The price movement of Ethereum has remained strong, especially after a technical breakout from a symmetrical triangle pattern. With an upward trajectory, many consider the resistance at $2,000 as the next significant milestone.

Historical performance also points to the resilience of Ethereum, as previous market lows often serve as springboards for long-term gains. The Relative Strength Index (RSI) on the weekly chart has reached levels not seen since June 2022, suggesting that Ethereum may be entering a new phase of accumulation.

Many long-term investors see the current range as an opportunity to hold the price with an eye towards future targets, including price levels of $4,000, $5,000, and even $6,000. While the future is uncertain, long-term prospects remain positive.