Ethereum price is currently within a larger uptrend channel pattern.
Bulls became active around the 50% Fibonacci retracement levels, leading to a sharp recovery near the $2,850 support level.
Recently, ETH surged above its two-year high, surpassing the $3,000 resistance level before encountering selling pressure from bears.
Despite initially breaking through $3,000, the price faced a minor correction as bears stepped in.
The weekly chart shows a breakout beyond the inclined resistance, confirmed by a bullish start to the fresh weekly trade.
ETH's next price targets, based on Fibonacci levels, may fall between $3,300 and $4,000, provided it sustains levels above $2,850.
According to Coingabbar analysis, Ethereum price prediction 2030 falls within the $10,000 range.
KEY LEVELS :
RESISTANCE LEVEL : $3,060-$3,130
SUPPORT LEVEL : $2,950-$2,870
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.
Also read: Binance Price Prediction: Is $400 the Next Milestone
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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