The Lourenço Current Excellency expected that the price of ETHEREUM can gather to $ 9,000 in this market cycle. This comes Eth eyes collapse Against the BTC pair, which can raise the massive running of encryption and other altcoins.
Ethereum PRICE EYES raises this course
in X postLourenço saw that the price of ETHEREUM could exceed up to $ 9,000 at some point in this market cycle. This came as it was analyzed The weekly eth chart. The analyst noted that, depending on how to draw the direction on the upper side of the counted, altcoin may have already broken it with a difficult closing above.
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Loreno announced this 4000 dollar level It is important and that as soon as it is divided into support, there will be an additional resistance between 4,700 dollars and $ 5,000. However, the analyst believes that the price of ETHEREUM was eventually set to go and ranges between 8000 dollars and 9000 dollars. He also indicated that the Restore risk rate on ETH is very difficult to ignore it at the present time.
Galaxy encryption analyst also chanted emerging feelings similar to ETHEREUM price. in X postHe said that there is a lot of potential ups in the ETH on the BTC husband. The analyst noticed that Relative power index (RSI) It is still a bottom, and, from his point of view, the trend has just started.
His accompanying scheme showed that RSI is not at peak purchase levels despite the fact that the price of Ethereum has increased more than 60 % in the past month. It is worth noting that ETH RSI has risen above 60 at its highest previous levels, including when it reached The current ATH is from $ 4,800 In 2021.
The key is to break ETH above $ 4000
in X postTED encryption analyst revealed that the key is for the ETHEREUM price to separate from the level of $ 4000. He pointed out that since 2021, ETH has not been able to restore $ 4,000. However, if that happens this time, I announce it ETH pump It will be “cannot be stopped.”
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The associated graph showed that the price of Ethereum can gather to $ 5200 in the short term. This will be a new height at all in Altcoin. Merlin also On resistance of $ 4000. He pointed out that this was the ceiling for ETH since 2021, and it was rejected from this level seven times.
However, the price of Ethereum is looking to break this level. Merlijn note that this resistance is not just another resistance but rather a “price discovery gate”. The accompanying plan showed that ETH can reach $ 11,000 Between now and 2026 if this resistance level is broken.
At the time of this report, the ETHEREUM price is traded at about $ 3,800, within the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Getty Images, Chart from TradingView.com
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