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**ETH Price Prediction: Targeting $5,000+ in Coming Weeks Despite Short-Term Pullback**
Ethereum (ETH) has recently pulled back to $4,288 after testing yearly highs, a development that may create a compelling risk-reward setup for investors. Our analysis suggests this short-term dip could be an accumulation zone, paving the way for a breakout above $5,000+ in the coming weeks.
To arrive at this prediction, we’ve examined analyst consensus and technical indicators. DigitalCoinPrice has consistently raised their Ethereum forecast over the past three days, progressing from $4,915 to over $5,032 as their latest ETH price target. Their methodology focuses on EMA indicators displaying sustained bullish momentum with projected gains surpassing 17%. CoinEdition’s analysis supports this optimistic forecast, identifying an upward-sloping channel with dynamic support near $4,723.
The convergence of these predictions around similar price levels strengthens the case for this Ethereum forecast, particularly given the diverse analytical approaches reaching comparable conclusions.
Source: Blockchain.News
