Lokesh Gupta
04-03-2024
#Ethereum price formed a base above $3,350 and initiated another upward movement, similar to Bitcoin.
Breaking the $3,500 level indicates potential for further gains.
Positive signs suggest $ETH might target the $3,600 resistance zone soon.
The breakout from the expanding channel pattern suggests increased buyer activity and hints at a more aggressive rally.
Intense buying pressure has been observed since the second week of February, leading to a 55% surge from local support at $2,280 to the current price of $3,526.
Recent weeks have seen significant bullish candles in Ethereum's weekly chart, with a 54% increase in the past four weeks.
A bullish reversal breached the rounding bottom breakout with a neckline zone at $3,500.
If buyers sustain the breakout, Fibonacci levels suggest Ethereum's bull run could peak at $3,885.
According to Coingabbar Prediction, Ethereum price prediction 2030 is around $10,000.
KEY LEVELS :
RESISTANCE LEVEL : $3,600-$3,700
SUPPORT LEVEL : $3,440-$3,350
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.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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