Ethereum (ETH) decided definitely above the resistance level, 50-day interpretation of the movable medium (EMA50), causing a renewed stubborn rush on the market. This breakthrough means a significant change in the market trend, opening the door to a potential rally towards higher goals around USD 4000.
Ethereum is directed to USD 4000 after the EMA50 breakthrough
The price of Ethereum provided an explosive rally after the last one Breakout over the EMA50 barrier. Considering this development, Crypto Doctor Profit analyst forecasted In social media, X ETH is preparing for a huge augment in the direction of 4000 USD.
Sharing a detailed analysis of charts, the Doctor Profit revealed that Ethereum was finally able to close above the key movable average weeks of resistance and unsuccessful attempts To transfer it to support – a fight clearly demonstrated by multiple wicks rejecting with green arrows.
In particular, the breakthrough of Ethereum caused Sturdy continuation movementWith the price augment by over 28.17% in just a week, at the time of analysis, climbing from around USD 2,500 to a height of nearly USD 3,226. This price action means a significant change in the shoot, which indicates that Bulls could regain control within a higher time frame.
According to Dr. Profit, the current technical structure of Ethereum suggests that further growth may occur after violation of EMA50. Pure break and holding above the movable average were annulled by the previous one Pressure zones bears And he opened the path to potentially higher price goals.
Based on historical price behavior, the analyst expects after similar pimples Ethereum will accumulate in the direction of $ 4,000 In the coming weeks. Such a move would reflect a significant augment in 9.64% compared to the current price of around USD 3,648.
In his position, Dr. Profit noticed that ETH shows No immediate signs of weakness On the chart, with a sturdy price above earlier levels of resistance. As a result, it seems that the last breakthrough has solidified as a recent foundation of the next leg.
Eth upside goals go over USD 4,000
Cryptographic market expert Henry It was found In a recent X analysis that Ethereum has returned, exceeding $ 3,400 for the first time in five months and getting out of the bull flag textbook. This stubborn rush is followed weeks of price consolidation and a key imitation, which seems to effectively rinse the liquidity of defects before.
After creating two separate consolidation zones around USD 1800–2010 and USD 2800–3000, Eth falsified the failure Before starting a keen rally. The structure of the cryptocurrency chart now shows sturdy -based continuation signals, and the current trend indicates a direct goal of USD 4000.
Henry forecasted it Additional goals Ethereum Extend much above 4000 USD, with potential milestones expected at 6000 USD and even USD 10,000. While the analyst remains a certain eth ability to achieve these stubborn goals, he admits that compact -term correction to around 2800 USD is possible before the price rally.
A distinguished picture from Pixabay, chart from tradingview.com
