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Ethereum (ETH): Is $4,000 Still Possible?
As the cryptocurrency market continues to exhibit volatility, it is essential for traders and investors to stay updated on the latest price trends and sentiment. Recently, Ethereum’s (ETH) price has been under a lot of scrutiny, with many wondering if it can still reach the much-anticipated milestone of $4,000.
According to recent data, the current situation suggests that while the upward momentum is still present, the possibility of reaching this mark may not be as straightforward. The RSI indicator has revealed some signs of divergence, indicating a potential short-term correction.
However, Ethereum’s structure remains bullish, and it is crucial to recognize the importance of the $3,610 support level. Any break above this line could lead to significant upward momentum, potentially paving the way for further growth towards $4,000.
In this context, traders should keep a close eye on price movement around these critical levels, as any potential breakthrough could have major implications for the market.
It is worth noting that Ethereum’s ability to maintain its current trajectory will depend heavily on external factors, such as user adoption and regulatory changes.
Source: u.today
