Ethereum Price Prediction: Is ETH Ready to Break Trendline
Ethereum price prediction 2025 will surpass $5,000
$ETH has experienced three consecutive weeks of growth and is currently at its highest level since April 18th.
#Ethereum price remained stable above the $2,880 support level, setting the stage for possible upward momentum.
It recently broke through the $3,000 barrier, showcasing superior performance when compared to Bitcoin.
Bullish signals suggest ETH Price could surpass the $3,200 resistance level.
The daily chart analysis shows the current rally closely follows an expanding channel pattern.
Despite anticipation for an #Ethereum ETF in May and increased whale accumulation, $ETH struggles for momentum.
After surging 43.40% from $2,170, ETH targets the overhead resistance trendline following a rounding bottom reversal pattern.
The ETH price surpasses the 78.60% Fibonacci level, accompanied by a bullish candle formation, indicating a strong momentum rally.
Encountering the upper trendline near $3,240 could prompt a correction due to significant selling pressure.
The question is whether ETH will break the trendline and continue upward, or if a temporary pause is looming.
According to Coingabbar Prediction, Ethereum price prediction 2030 is around $10,000.
KEY LEVELS :
RESISTANCE LEVEL : $3,150-$3,220
SUPPORT LEVEL : $3,050-$3,000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
