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

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.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: ETH Ethereum Ethereum Resistance Ethereum Technical Charts Ethereum Price action Ethereum Ethereum price Ethereum Analyst ETHUSDT Ethereum news

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 02:00:20 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 613 words

Reading Time: 4 minutes read

Sentences: 69 lines

Sentence Length: 9 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23455145

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