#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
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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.