ETH. Ethereum’s Potential Surge to $7,000. 12/18/24
2024-12-18
Category: None

BINANCE:ETHUSDT  

The current price of Ethereum is nearing a level historically associated with resistance to further growth. Specifically, ETH is attempting to surpass the $4,095 mark, and it will be intriguing to see if it succeeds. Should the price break through this resistance, a powerful upward movement could follow.

I recommend using the current chart and the $4,095 price level as a reference point for analyzing other altcoins. If Ethereum manages to break this level, it may influence the performance of other cryptocurrencies as well.

The all-time high is $4,868, and if the current resistance level ($4,095) is breached, the next growth target will be this historical peak.

Locally, we might witness a correction to around $3,800, followed by a rebound and further breakout to $4,000. In the case of a more significant correction, I plan to add to my position at the $3,618 level.

My targets for Ethereum in Q1 2025: $6,000–$7,000. Keep this in mind. Ultimately, what you decide to do is entirely up to you.

DYOR.