Ethereum Price Prediction: Will Bulls hold the $3000 levels

Ethereum price prediction 2025 will hit $5,000

• 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

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