- Current Price: $4,231.68 (+4.59%)
- Recent Move: Touched $4,200 before pulling back to around $4,100
- Momentum: Strong, but buying at highs comes with extra risk
What Analysts Say
- Michaël van de Poppe: ETH on track for breakout to new all-time highs, but current prices may not be the best entry
- Suggests looking at Layer-2 projects or $ETH -based DeFi platforms for better short-term gains
Technical Signals
- RSI: 72 (strong buying momentum, but possible short-term dip)
- MACD: Flashed a buy signal
Potential Targets and Risks
- Next Target: $ETH (all-time high)
- Closing above $4,200 on the weekly chart could lead to breaking its record high
- Some traders expect a rally, others see a short pause before the next surge
- Buying now comes with risk; exploring Ethereum ecosystem might offer bigger rewards
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