Ethereum Eyes $6K as It Prepares to Break $4,100 Resistance 

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Ethereum Sees 8-Month High in Wallet Growth as Price Nears $4,000

  • Ethereum nears a critical $4,100 level that could unlock a fast rally to $6,000.  
  • Strong support zones around $3,375 and $2,532 are keeping Ethereum’s uptrend steady.  
  • Analyst Ali believes breaking $4,100 will trigger Ethereum’s next major price surge.  

ETT is on the verge of a breakout as its price approaches the critical $4,100 resistance level. According to  the analyst Ali , once Ethereum breaks this barrier, the price could rally toward $6,000 in the near future. Currently, Ethereum trades at approximately $3,945, showing strong momentum despite recent minor pullbacks.  

Source: Ali Charts

The $4,100 price point represents a key level for Ethereum. It aligns with the top of the ascending channel, where ETH has been trending for months. If Ethereum manages to surpass this resistance, Ali identifies $4,867 as the next target, followed closely by the milestone of $6,110 Traders are closely watching for this breakout, as it could trigger a major price surge.  

What Are Ethereum’s Next Price Levels? 

Ali’s analysis points to clear targets if Ethereum breaks through its resistance. After $4,100, the upward projection includes a potential surge to $4,867, which is a crucial short-term target. Beyond that, the analyst believes Ethereum could move rapidly toward $6,110, creating a major opportunity for investors and traders.  

In addition to these targets, long-term Fibonacci projections indicate that ETH may even hit $14,000 in the future. Although this number remains far off, it reflects Ethereum’s growth potential as bullish momentum continues building.  

Strong Support Levels Limit Downside Risks

While traders anticipate a breakout, Ethereum remains well-supported on its current trend. The 0.786 Fibonacci retracement  level at approximately $3,375 serves as a key support point during pullbacks. The 0.618 level near $2,532 also acts as another safety zone for the price.  

Ali highlights that Ethereum must remain above $2,110 to keep its bullish structure intact. Any move below this point could disrupt the upward trend and introduce uncertainty for traders.  

Will Ethereum successfully break the $4,100 resistance and move toward $6,000? This question now dominates investor discussions. As ETH trades within its upward channel, the next few days could determine its breakout direction and future price action.  

The post Ethereum Eyes $6K as It Prepares to Break $4,100 Resistance  appeared first on Crypto News Land.

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