Ethereum Poised To Break $4,000 As Price Tests Crucial Levels; Analyst
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Ethereum is on the verge of breaking the $4,000 mark, despite current market challenges.
The recent launch of Spot Ethereum ETFs failed to generate the expected rally, disappointing many traders. However, optimism remains among investors due to Ethereum's stability at the $3,200 support level.
Crypto analyst RLinda believes a revival is possible if Ethereum sustains above this support, potentially driving prices to the $4,000-$4,900 range. Key resistance levels to watch are $3,357 and $3,540.
Currently trading at $3,370, Ethereum has rebounded 4.78%, placing it above the initial resistance level. A successful breakthrough could lead to a bullish surge, but a reversal could trigger further consolidation.
Source: www.newsbtc.com ↗
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