Ethereum Price Prediction:Will the Flame Burn Bright or Fade

Ethereum price forecast 2025 will be approx near $5,000

• #Ethereum price shows bullish indicators above the $2,720 support level.

• $ETH approaches critical resistance at $2,850, coinciding with the 50% Fibonacci level.

• $ETH is nearing the $2,850 resistance level after struggling with the Fib 0.382 resistance at $2,400.

• Sustained daily closes above $2,850 could target $3,300, potentially rallying to $4,000 upon ETF approval.

• Positive sentiment is fueled by anticipation for a summer spot ETF approval and a new network update.

• Short-term pullbacks may find support at the 8- and 21-day exponential moving averages, with the closest support range at $2,500 to $2,600.

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

KEY LEVELS :

RESISTANCE LEVEL : $2,870-$2,930

SUPPORT LEVEL : $2,765-$2,700

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