$ETH to 4K dollars ๐ต
for the analysis
The chart shows the trading of Ethereum against the dollar
technical analysis of Ethereum (ETH/USD) with the indicator
SuperTrend and future price forecasts can be summarized in the following points:
* Previous downward trend: Ethereum experienced a clear downward trend from late 2024 until early May 2025, where the SuperTrend indicator signaled a sell and the price remained trading below the descending resistance line (dashed lines).
* Bottom confirmed: In early May 2025, the chart indicated "Bottom confirmed!" after the price touched levels of around $1400, and the SuperTrend indicator turned to buy.
* Bullish reversal and support: After the bottom was confirmed, the price began to rise sharply, with "Price support" confirmed at around $2400.$ETH
* Price targets: The analysis indicates two potential price targets:
* First target (T1) at $3000.
* Second target (T2) at $4000.
* Future forecasts: The chart expects the bullish trend to continue towards these targets in the coming months, based on current momentum and the breakout of the descending resistance line.
