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Ethereum (ETH) Eyes $3,000: Data Suggests Imminent Breakout Newsbtc 26 Aug 2024

Ethereum (ETH) Eyes $3,000: Data Suggests Imminent Breakout 📈

Ethereum is in a classic accumulation phase following its recent correction, targeting a $3,000 price level. After falling to $2,116 just 20 days ago, ETH surged, indicating a rise in bullish momentum.

This phase has attracted analysts and investors closely monitoring ETH's price action. The recovery has sparked optimism, with some market experts predicting ETH could reach $3,000 soon. This rally is a critical milestone, reflecting investors' confidence in Ethereum's long-term value.

Recent technical analysis by trader Castillo Trader highlighted a potential upward trajectory, suggesting ETH might retest lower demand at $2,611 before targeting $3,000. The $3,000 level is both a psychological barrier and recent support, making it a crucial resistance point.

If ETH breaks above and consolidates at $3,000, it could pave the way for a sustained uptrend. Currently trading at $2,743, ETH might retest lower demand around $2,500, establishing a stronger foundation. However, volatility suggests ETH could bypass the retest and push directly to $3,000.

The daily 200 EMA at $3,026 is another critical resistance level. Breaking above it would signal a bullish continuation. Closing above the 200 EMA would solidify bullish sentiment, positioning ETH for an extended rally.

Quelle: www.newsbtc.com ↗

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Ethereum’s ‘long road ahead’ – Why ETH cannot cross $2,850 easily
Ethereum (ETH) Price May Capitalize on Bitcoin’s Diminishing Appeal Beincrypto 27 Aug 2024
Ethereum (ETH) Price May Capitalize on Bitcoin’s Diminishing Appeal
Experts Assess Ethereum’s Price Trends and Support Levels Cointurk 13 Okt 2024
Experts Assess Ethereum’s Price Trends and Support Levels
Ethereum’s Market Analysis: Can It Overcome the $2,800 Resistance to Spark a New Uptrend? Coinotag 26 Aug 2024
Ethereum’s Market Analysis: Can It Overcome the $2,800 Resistance to Spark a New Uptrend?
Ethereum (ETH) Navigates Potential Price Shifts: Could It Drop to $2,320 or Rise to $3,102? Coinotag 15 Okt 2024
Ethereum (ETH) Navigates Potential Price Shifts: Could It Drop to $2,320 or Rise to $3,102?
Ethereum Surpasses $3,000 Amid Gains While Trader Suggests Potential Reversal Coinotag vor 1 Woche
Ethereum Surpasses $3,000 Amid Gains While Trader Suggests Potential Reversal
Ethereum Tests Key Support Level as Market Eyes Potential Recovery Towards $6,000 Coinotag vor 2 Wochen
Ethereum Tests Key Support Level as Market Eyes Potential Recovery Towards $6,000
Could Ethereum (ETH) Overcome Current Challenges to Reclaim the $2,600 Level? Coinotag 08 Okt 2024
Could Ethereum (ETH) Overcome Current Challenges to Reclaim the $2,600 Level?
Ethereum Price Analysis: Potential Decline Below $2,900 or Rebound Toward $3,443 Amid Weak Market Momentum Coinotag vor 1 Tag
Ethereum Price Analysis: Potential Decline Below $2,900 or Rebound Toward $3,443 Amid Weak Market Momentum
Ethereum Price Targets $3,562 Amid Strong Bullish Momentum and Potential for Further Gains Coinotag vor 3 Tagen
Ethereum Price Targets $3,562 Amid Strong Bullish Momentum and Potential for Further Gains
Could Ethereum Approach $3K as Bitcoin Remains Dominant After Election? Coinotag vor 1 Woche
Could Ethereum Approach $3K as Bitcoin Remains Dominant After Election?
Could Ethereum’s Support at $2,300 Signal a Potential Rally Towards $6,000? Coinotag 08 Okt 2024
Could Ethereum’s Support at $2,300 Signal a Potential Rally Towards $6,000?
Exploring the Possibilities: Could Ethereum (ETH) Break Resistance at $2,836 or Slip to $2,062? Coinotag 10 Okt 2024
Exploring the Possibilities: Could Ethereum (ETH) Break Resistance at $2,836 or Slip to $2,062?
Ethereum Price Predictions: Will ETH Rebound Above $3,000 or Face a Downturn? Coinotag vor 4 Wochen
Ethereum Price Predictions: Will ETH Rebound Above $3,000 or Face a Downturn?