🚀$ETH at the crossroads – Is $4,000 just a stop? Or the beginning of a journey towards $8,000? 📈🔥
In 2021, the price of $ETH at $4,000 was considered excessive.
By December 2024, this price seemed fair.
Today, in light of the liquidity influx, rising stablecoins, and historic regulatory approvals in the United States — $4,000 may just be the beginning.
📌 Over the past three months, Ethereum has risen by 90%, surpassing $2,000 in less than 90 days.
📌 More than 317,000 ETH have been withdrawn from exchanges, reflecting unprecedented confidence from investors.
📌 Exchange-Traded Funds (ETFs) have begun allocating direct shares in $ETH, enhancing institutional demand.
🎯 Forecast:
• If the momentum continues, levels of $6,500 – $8,000 are not far from reality.
• However, in the short term, technical indicators suggest overbought conditions and the possibility of a temporary correction before breaking the psychological resistance at $4,200.
📌 Technical note: The RSI indicator is in the overbought zone, and the Elliott Wave pattern shows the approach of the end of the fifth wave — making a temporary halt or technical pullback logical before starting again.
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