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Ethereum Price Prediction: Bulls Rally Losing Steam

12-Feb-2024 By: Lokesh Gupta
Ethereum Price Prediction: Bulls Rally Losing Steam

Ethereum price prediction 2025 will be approximately $5,000

  • Ethereum’s recent resurgence stemmed from a pivotal demand zone at $2200, marking a solid uptrend for the altcoin.

  • Following the breach of the $2,420 resistance, Ethereum's price exhibited a steady climb, surpassing $2,450 and $2,500 thresholds, albeit trailing behind Bitcoin's performance.

  • Currently, Ethereum is facing resistance at the $2,550 mark, posing a challenge for further upward movement.

  • The bullish trajectory of Ethereum's price appears to be forming a rounding bottom pattern as it approaches the significant $2600 resistance level.

  • There's growing anticipation among investors for Ethereum to break past $2600, with hopes of a subsequent surge towards the $3000 milestone.

  • Buyers are gearing up for a potential bull run in light of these expectations.

  • A potential downside correction looms if Ethereum fails to maintain support above $2,450.

  • Coingabbar analysis, Ethereum price prediction 2030 would be projected near $10,000.

KEY LEVELS :

RESISTANCE LEVEL : $2,550-$2,620

SUPPORT LEVEL : $2,435-$2,360

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

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