The price of Ethereum continues to fluctuate around the key level of $4,350, which has become crucial for future market movements.
Overview of the Current Situation
The price of Ethereum is at an important support level of $4,350, which provides the opportunity for a continuation of the bullish trend. Market analysis shows that buyers remain active despite recent fluctuations.
Technical Analysis and Forecasts
Ethereum's price shows a possible 'W' formation, signaling accumulation before a potential breakout. Sustaining the level of $4,350 could lead to testing the $4,800–$5,000 range.
Price Dynamics and Possible Scenarios
Ethereum trades in a range of $4,183–$4,933. A successful breakout above $4,933 could lead to new highs above $5,000. Failure to hold at $4,183 may trigger significant declines.
The significance of the $4,350 level for Ethereum remains high. Its retention could contribute to further growth, while a breach may present risks to the ongoing bullish movement.
