Lokesh Gupta
05-03-2024
#Ethereum price has surged above the $3,500 mark, following #Bitcoin's upward trajectory which saw it spiking beyond $68,000.
$ETH exhibits notable strength, breaching the $3,700 level, with recent gains amounting to a remarkable 54% over the past four weeks, resulting in bullish candles dominating the weekly chart.
Breakout above $3,500 neckline signals a bullish reversal from rounding bottom pattern, suggesting further upside potential.
On the daily chart, #Ethereum showcases a robust uptrend characterized by a rising trend line, alongside consistently forming higher highs and higher lows.
Anticipation looms over the upcoming Dencun upgrade, scheduled for March 13, which is expected to significantly impact Ethereum's market dynamics.
Ethereum faces a significant resistance around $3,850. Breaking this level could indicate a bullish trend with potential for reaching $4,000.
According to Coingabbar Prediction, Ethereum price prediction 2030 is around $10,000.
KEY LEVELS :
RESISTANCE LEVEL : $3,760-$3,850
SUPPORT LEVEL : $3,600-$3,520
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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