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Ethereum (ETH) Price Analysis: Can $4,000 Still Be Achieved?
In a recent update, we have seen the price of Ethereum (ETH) continue to rise, with many analysts predicting that it may reach new all-time highs. However, the question remains as to whether this target can still be achieved.
Currently, ETH is trading at around $3,550, which is an impressive surge considering its previous low levels. This upward movement has been driven by a combination of factors, including increased institutional investment and growing mainstream adoption.
However, it’s essential to examine the fundamental reasons behind Ethereum’s rise, as well as any potential risks that may impact its momentum.
The RSI indicator on the ETH chart indicates that there is still room for growth. This suggests that bulls may continue to gain strength before a possible correction or reversal.
Source: u.today
