Ethereum (ETH) Price Targets $4,000 After Breaking Key Resistance Levels
The post Ethereum (ETH) Price Targets $4,000 After Breaking Key Resistance Levels appeared on BitcoinEthereumNews.com. Ethereum (ETH) price finally broke the $2K barrier, trading at around $2,300 after going past critical resistance. This raises hopes it could climb to $3,000 and $4,000. The sharp move up started after the Federal Open Market Committee’s decision to hold interest rates steady on May 7 led to an across-the-board risk-on digital assets. With the top altcoin price clearing critical levels and on-chain metrics flashing bullish signals, the stage is set for a significant upside move. ETH Price Breaks Key $1,860 and $2,300 Resistances According to Ali Martinez, Ethereum price recently broke above the $1,860 resistance, a critical zone where 4.54 million wallets hold 5.58 million ETH. The top altcoin has finally broken out of an important supply wall, which had been capping its progress for the past few weeks, marking a massive change in market sentiment. As the price has rebounded above this level and is now holding strong, Ethereum could rally for the long term with potential goals for $3,000 and $4,000. Source: Ali Martinez, X Additionally, crypto analyst IncomeSharks highlighted that ETH price has also cleared its second diagonal resistance, confirming a broader trend reversal. The chart showed ETH moving steadily higher after multiple buy signals along the lower trendline. With the next major resistance zones at $3,000 and $4,000, traders are eyeing a potential multi-month rally if the current momentum holds. Source: IncomeSharks, X Bullish Divergence and On-Chain Data Support ETH’s Rally Notably, Javon Marks noted a major bullish divergence in the price chart for Ethereum, a classic reversal pattern signaling forthcoming major price recovery. According to his analysis, ETH had a double bottom with momentum indicators such as the Relative Strength Index (RSI) starting to rise, indicating a bullish divergence. This technical arrangement was usually a sign of a new trend commencing with price…
The post Ethereum (ETH) Price Targets $4,000 After Breaking Key Resistance Levels appeared on BitcoinEthereumNews.com.
Ethereum (ETH) price finally broke the $2K barrier, trading at around $2,300 after going past critical resistance. This raises hopes it could climb to $3,000 and $4,000. The sharp move up started after the Federal Open Market Committee’s decision to hold interest rates steady on May 7 led to an across-the-board risk-on digital assets. With the top altcoin price clearing critical levels and on-chain metrics flashing bullish signals, the stage is set for a significant upside move. ETH Price Breaks Key $1,860 and $2,300 Resistances According to Ali Martinez, Ethereum price recently broke above the $1,860 resistance, a critical zone where 4.54 million wallets hold 5.58 million ETH. The top altcoin has finally broken out of an important supply wall, which had been capping its progress for the past few weeks, marking a massive change in market sentiment. As the price has rebounded above this level and is now holding strong, Ethereum could rally for the long term with potential goals for $3,000 and $4,000. Source: Ali Martinez, X Additionally, crypto analyst IncomeSharks highlighted that ETH price has also cleared its second diagonal resistance, confirming a broader trend reversal. The chart showed ETH moving steadily higher after multiple buy signals along the lower trendline. With the next major resistance zones at $3,000 and $4,000, traders are eyeing a potential multi-month rally if the current momentum holds. Source: IncomeSharks, X Bullish Divergence and On-Chain Data Support ETH’s Rally Notably, Javon Marks noted a major bullish divergence in the price chart for Ethereum, a classic reversal pattern signaling forthcoming major price recovery. According to his analysis, ETH had a double bottom with momentum indicators such as the Relative Strength Index (RSI) starting to rise, indicating a bullish divergence. This technical arrangement was usually a sign of a new trend commencing with price…
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