ETH price prediction: A 40% surge is on the cards for the leading altcoin!
Ethereum has broken out of the $2,350 sideways area, which has sometimes served as both support and resistance since May 2021. Moreover, the price made a weekly close above this level. Such a break above an important resistance area is an extremely bullish event. Meanwhile, the RSI is increasing. In addition, it has just entered the overbought zone. These, in turn, confirm the upward movement. If the uptrend continues, ETH could reach the next resistance at $3,500. That's about a 40% increase from the current ETH price. #Gate Post Highlights#
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ETH price prediction: A 40% surge is on the cards for the leading altcoin!
Ethereum has broken out of the $2,350 sideways area, which has sometimes served as both support and resistance since May 2021. Moreover, the price made a weekly close above this level. Such a break above an important resistance area is an extremely bullish event. Meanwhile, the RSI is increasing. In addition, it has just entered the overbought zone. These, in turn, confirm the upward movement. If the uptrend continues, ETH could reach the next resistance at $3,500. That's about a 40% increase from the current ETH price.
#Gate Post Highlights#