Ethereum Analyst Sets $3,400 Target Once ETH Breaks Key Resistance – Details

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Ethereum Analyst Sets $3,400 Target Once ETH Breaks Key Resistance – Details - NewsBTC

Quick Summary:

Despite this rally, ETH still trades below a crucial resistance level, keeping the price in check since early August. This resistance, a critical barrier, must be cleared for Ethereum to regain its bullish momentum fully.

Related Reading: Solana Must Break Descending Resistance’ To Regain Bullish Momentum – Analyst According to Inmortal’s analysis, ETH appears to be building strength, and a push above this resistance could unlock the potential for a sustained rally.

The market’s response to Trump’s win, particularly as he is seen as a pro-crypto candidate, has boosted sentiment, and many now anticipate increased volatility and upside for Ethereum. Investors are now eyeing ETH’s next moves, with any break above the current resistance likely to signal the beginning of a stronger upward trend.