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Ethereum Surge to $6,500: Key Support Levels and Forecasts

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by Giorgi Kostiuk

4 months ago

Ethereum is currently trading around $3,600, with projections pointing to a rise to $6,500. The key support level at $3,200 acts as a backbone for continued growth.

Current State of Ethereum

Ethereum is currently trading around $3,600. The $3,200 support level plays a crucial role in the current bull trend, providing necessary defense.

Analysis of Technical Indicators

Rising holder accumulation and increasing open interest indicate strong investor confidence. Additionally, on-chain data and technical indicators support the expected growth.

The price movement perfectly correlates with a textbook Elliott Wave structure denoting the buildup of five promotional waves indicating bullish cycle movement.Crypto Tony

Analysts' Forecasts

Analyst Crypto Tony forecasts that Ethereum will reach heights of $5,300 and $6,100 before making the 2026 target of $6,500.

Considering current market trends and analysis, Ethereum continues to attract investor interest, reaffirming its resilience and growth potential.

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