Ethereum repetition of the playing book in early 2024 – target 3800 dollars after that?
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This week, ETHEREUM (ETH) has regained the level of $ 2600 as support for the first time since February, pressing the following main resistance test after the outbreak of a short -term pattern. Some analysts indicate that the ETH gathering can target its high range in the coming weeks.
Ethereum is similar to the setup of 2024
After struggling to exceed the brand of $ 2600, ETHEREUM regained this level as support. Over the past two days, the second largest encrypted currency, according to the market value, has occupied this main level while trying to break the mark of $ 2700.
Since his recovery from $ 2,000 earlier this month, ETH is hovering between $ 2,400 and $ 2,600, and has failed to restore the upper area of the domain despite its multiple rise in two months on May 10.
However, this week’s rally witnessed the rise in the cryptocurrency above its local scope and an attempt to obtain more strength to stop its side track and continue the recovery process by 50 %.
Titan analyst from Crypto male This ETH just erupted from the bi -up for two weeks, which increased the day level to the level of $ 2788. I suggest that if the hack is confirmed, the style goal is around the level of $ 3800.
Crypto Jelle Duplicate Until Ethereum “is still moving as planned, which leads to a deepening in the resistance area” around the brand of $ 2850. Many analysts named this level as resistance before the $ 3,000 sign, and the wall “stands on the altseason road”.
Rekt Capital has highlighted that ETHEREUM has been re -tested a decisive horizontal level since its total range of $ 2220 to $ 3900. It is worth noting that Ethereum has been closed over the mark of $ 2468 over the past four weeks, which led to the preparation of the theater “to raise across the domain.”
With this successful test, the ALTCOINS king is “the repetition of the date of 2024”. It is worth noting that ETH recorded a 50 % break for four weeks after the resistance of $ 2,486 was destroyed and re -tested as support. However, “the only difference is that it took longer this time,” added the analyst.
Eth earns momentum
Meanwhile, analyst Ted Bodes Vision This ETH shows the strength as her commercial husband against Bitcoin (BTC) acquires momentum and the BTC domination.
The analyst also referred to the weekly MacD Bullish Cross for ETH and the restoration of the multi -year support line. Accordingly, he expected that Ethereum could soon rise to the resistance of $ 4,000.
It should be noted that Ethereum surpasses the leading cryptocurrency in this quarter for the first time since 2022, when it recorded an increase of 45 % since April 1. In addition, ETH continues to stick to its main level despite BTC’s decline to less than 106,800 dollars.
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Merlijn Trading High ETH price movement after the Golden Cross, which appears to be similar to its performance from the last time the preparation occurred.
According to The Post, during the November 2024 preparation, Ethereum saw a small decline before a “huge pump” on the eleventh day. “This time? The pump has already started. We are right on time,” the trader confirmed.
As of the writing of these lines, ETHEREUM is traded at $ 2642, an increase of 44.7 % in the monthly timetable.
Distinctive photo of Unsplash.com, Chart from Tradingview.com
