Ethereum price exhibits strong growth, surpassing the $3,900 mark, driven by a broader uptick in the cryptocurrency market. Analysts suggest that if the current momentum continues, ETH may soon test the $4,000 level.
Market Recovery
The cryptocurrency market has shown signs of recovery in the last 24 hours, with market capitalization rising to $3.88 trillion and trading volumes increasing by over 30%. Ethereum has solidified its positions above support levels.
Analysts' Predictions for Ethereum's Growth
Analyst Ali predicts that if Ethereum's price breaks the $4,000 resistance, the next target could be around $6,400, citing current technical patterns indicating a potential strong breakout at this level.
Current Support and Resistance Levels
Despite increased interest from large investors, the current resistance level stands at $4,000. If this level is breached, the next target may be $4,200, with key support levels identified at $3,700 and $3,500.
Ethereum's price continues to show positive trends, and with the current momentum, it could reach new highs. The interest from major investors and positive technical indicators create favorable conditions for further growth.
