Ethereum Price: Will Dencun Upgrade Propel ETH to $5,000

Ethereum Price Prediction 2025 it could hover around $10,000

• #Ethereum price Ethereum (ETH) price has surged past the $4,000 resistance zone, tracking Bitcoin's movement and signaling a bullish trend.

• On the daily chart, ETH is currently within a Rising Channel Pattern, characterized by Higher Highs and Lower Lows.

• The formation of the seventh bullish candle suggests ongoing upward momentum in ETH's price.

• Analysis of the weekly chart reveals a rounding bullish reversal, positioning $ETH as one of the market's top performers.

• Consildating above $4,000, the leading altcoin exceeds the 78.60% Fibonacci level, targeting the $4,951 peak for a potential challenge ahead.

• The imminent #Ethereum Dencun upgrade bodes well for Ethereum holders, uplifting market sentiment with promising prospects.

• $ETH, bolstered by Fibonacci levels and rising demand, could test $4,951 and surge towards $5,000, driven by bullish momentum.

• According to Coingabbar Prediction, Ethereum price prediction 2030 is approximately $20,000.

KEY LEVELS :

RESISTANCE LEVEL : $4,200-$4,500

SUPPORT LEVEL : $3,800-$3,500

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.