Analyst Predicts Ethereum (ETH) Price to Hit $3500 If It Clears This Key Resistance
The post Analyst Predicts Ethereum (ETH) Price to Hit $3500 If It Clears This Key Resistance appeared on BitcoinEthereumNews.com. Key Insights: Ethereum (ETH) price surged over 5% amid a robust rally in the broader crypto market. Analysts predict a potential ETH price surge between $3,000 and $10,000 ahead. 60% of Ethereum holders are now in profit due to the recent price surge. Ethereum price has caught the investors’ eyes today amid a robust rally recorded in the broader crypto market. Simultaneously, Bitcoin has led the gains in the digital assets space, touching a new ATH and hovering near the $111k mark. These strong advancements of the top coins indicate that the bulls are dominating the bears, which might trigger a further surge in the asset’s price ahead. Amid this, renowned analysts have shared bullish forecasts for ETH price while highlighting the key price levels to watch ahead. Can Ethereum Price Rally To $3,600 As Bulls Regain Control? Ethereum price today was up more than 5% and exchanged hands at $2,669, while its one-day volume soared 54% to $35.86 billion. Notably, the crypto has hovered between $2,678 and $2,454 in the last 24 hours. Simultaneously, CoinGlass data showed that ETH Futures Open Interest soared more than 24%, indicating the strong confidence of the market participants. ETH Futures Open Interest | Source: CoinGlass Meanwhile, amid renewed optimism among investors, renowned analyst Captain Faibik said that Ethereum price is on the cusp of a significant rally. He has set a target of $3,600 for the top crypto. Ethereum Price Analysis | Source: Captain Faibik, X However, the analyst noted that ETH price must first breach a key resistance level at $2,700 to hit the target, which corresponds to the daily 200 Simple Moving Average (SMA). If bulls successfully break above this level, Faibik predicts a rally towards $3,500-$3,600. ETH Price’s Short-term & Long-term Targets Amid the $3,600 target, a flurry of other…
The post Analyst Predicts Ethereum (ETH) Price to Hit $3500 If It Clears This Key Resistance appeared on BitcoinEthereumNews.com.
Key Insights: Ethereum (ETH) price surged over 5% amid a robust rally in the broader crypto market. Analysts predict a potential ETH price surge between $3,000 and $10,000 ahead. 60% of Ethereum holders are now in profit due to the recent price surge. Ethereum price has caught the investors’ eyes today amid a robust rally recorded in the broader crypto market. Simultaneously, Bitcoin has led the gains in the digital assets space, touching a new ATH and hovering near the $111k mark. These strong advancements of the top coins indicate that the bulls are dominating the bears, which might trigger a further surge in the asset’s price ahead. Amid this, renowned analysts have shared bullish forecasts for ETH price while highlighting the key price levels to watch ahead. Can Ethereum Price Rally To $3,600 As Bulls Regain Control? Ethereum price today was up more than 5% and exchanged hands at $2,669, while its one-day volume soared 54% to $35.86 billion. Notably, the crypto has hovered between $2,678 and $2,454 in the last 24 hours. Simultaneously, CoinGlass data showed that ETH Futures Open Interest soared more than 24%, indicating the strong confidence of the market participants. ETH Futures Open Interest | Source: CoinGlass Meanwhile, amid renewed optimism among investors, renowned analyst Captain Faibik said that Ethereum price is on the cusp of a significant rally. He has set a target of $3,600 for the top crypto. Ethereum Price Analysis | Source: Captain Faibik, X However, the analyst noted that ETH price must first breach a key resistance level at $2,700 to hit the target, which corresponds to the daily 200 Simple Moving Average (SMA). If bulls successfully break above this level, Faibik predicts a rally towards $3,500-$3,600. ETH Price’s Short-term & Long-term Targets Amid the $3,600 target, a flurry of other…
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