- With resistance above $3,926 likely to spur additional rises, Ethereum’s breakout above $3,200 points to a possible advance to $3,700.
- Analysts predict Ethereum could hit $10,000 if it clears the $4,000 barrier, supported by consistently higher lows over the past 2.5 years.
- Ethereum’s bullish momentum remains strong, with key support levels holding and room for growth toward targets of $8,428 and $13,061.
Ethereum has shown upward momentum in recent weeks, backed by consistently higher lows and strong support levels. Notably, analysts Michaël van de Poppe and CryptoWolf highlighted Ethereum’s trajectory toward a bullish continuation if critical resistance zones are surpassed.
Van de Poppe emphasized Ethereum’s current positioning around $3,200, predicting a likely rise toward $3,700. His analysis showed that Ethereum’s rally gained traction after breaking resistance near $2,768.01 and retesting it as support.
Source: Michaël van de Poppe
This breakout pushed prices toward $3,146.98 before entering a slight retracement phase, stabilizing above $3,120.05. Furthermore, key support zones, such as $2,768.01 and $2,452.57, continue to underpin the bullish trend.
Meanwhile, CryptoWolf pointed to Ethereum’s long-term momentum, with higher lows established over the past 2.5 years. The $4,000 resistance is a critical threshold, he says. A rally toward $10,000 might be indicated by a breakthrough.
A historical viewpoint from 2021 was incorporated into his study, demonstrating Ethereum’s rebound from 2022 lows of around $1,050. Trendlines connecting these lows highlight the gradual build-up in momentum.
Key Levels Signal Continued Strength
Significantly, Ethereum’s chart reveals a structured upward trajectory supported by ascending trendlines and consistent higher lows. Resistance around $3,926 remains a critical barrier, but its breach could drive further gains. CryptoWolf highlighted additional targets, such as $8,428.85 and $13,061.53, indicating room for substantial growth.
Source: CryptoWolf
Additionally, RSI data suggests heightened trading activity, nearing the overbought zone. This reflects strong buyer interest, although minor corrections may occur. Notably, Ethereum’s consolidation phases and resistance reclaims showcase robust bullish market sentiment.
Analysts Eye a Bullish Continuation
Both analysts concur that Ethereum is building momentum for extended gains. Besides maintaining support near $3,090.90, it demonstrates resilience against retracement pressures. Furthermore, historical patterns and strong fundamentals continue to bolster optimism among investors.
Consequently, Ethereum’s sustained upward momentum suggests a promising path. If the $4,000 level clears, the market could witness price surges. With long-term targets in sight, analysts remain optimistic about Ethereum’s bullish potential in the coming months.
The post Ethereum’s Bullish Momentum, Key Support Levels and $4,000 Resistance Could Lead to Major Gains appeared first on Crypto News Land.
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