The price of ethereum was crucial Consolidation phaseAnd analysts carefully observe another enormous traffic. After regaining the level of USD 4,500, the cryptocurrency is currently standing before the last obstacle before he potentially breaks into the unknown territory. TED Pillows cryptographic market expert has set the next price of Ethereum at USD 5000, signaling potential Up-to-date all time.
The price of Ethereum faces a grave obstacle before $ 5,000
In the latest technical analysis published in X Media Social, pillows explained that Ethereum successfully regained the support of USD 4,500 A level, a point that was previously an obstacle to bulls. Now the market is focused on laser in the next price obstacle in the price, which appeared as the last barrier before Potential breakthrough.
According to its price chart, the daily candle is similar above $ 4,880 can open the door at the fresh highest level and quickly accelerate the Ethereum shoe towards a milestone of $ 5,000. Last month, ETH shocked the market by Breaking your highest level 2021 and climbing $ 4,900. Now the cryptocurrency looks ready for another hefty traffic, and the pillows confirm $ 5,000 as a compact -term target.
Ethereum fight around USD 4,880 Repeated pushing failures above At the moment of previous sessions. Each rejection strengthened USD 4,880 as a robust resistance, which makes a decisive point for bulls. Pure break over this can annul compact -term bears pressure and potentially cause a influx of purchase.
However, if Ethereum does not once again remain above this level, the price may withdraw to lower support. The pillows identified the range of 4,200 – 4,400 USD as the main demand zone in which the buyers could go back. This area historically provided robust support and can act as a stepping stone for another attempt to re -resist again.
ETH rejected USD 4,650, but he has support
In the control of the pillow excellent this ethereum It was not possible to recover USD 4,650even more complex your way to achieve resistance worth USD 4,880. Rejection of USD 4,650 raised concerns about compact -term withdrawalBecause the $ 4500 region is now a key support for watching.
If ETH holds above $ 4,500 and gains Fresh stubborn rushPillows suggest that there may be another attempt to recover 4,650 USD, potentially establishing a scene for the long -awaited breakthrough of USD 4,880. On the other hand, Ethereum maintains Mighty structural support from 3800 to 4000 USD. This range acted as a key demand zone during previous corrections, Creating sales pressure and enabling bull accumulation.
In the case of long -term investors, pillows have noticed that this support zone presents a significant Possibility to buy. He said that if ETH falls to this level, many Altcoins would also introduce attractive discount zones, presenting wider opportunities to accumulate on the market.
A distinguished picture from Adobe, chart from TradingView.com
