#Ethereum price surged above $3,700, tracking Bitcoin's trajectory, although $BTC fell short of surpassing $69,250.
The price of Ethereum extended its increase towards $3,900 and is now consolidating gains, potentially aiming for a move above the $4,000 resistance level.
A bullish flag pattern with resistance at $3,830 was broken on the hourly chart of $ETH/USD.
The upcoming Dencun upgrade scheduled for March 13 is anticipated to significantly impact Ethereum's market dynamics.
Investors are closely monitoring the 78.6% Fibonacci retracement level around $3,872, with a potential breach possibly leading #Ethereum to challenge its all-time high of $4,878.
Further bullish momentum could propel #Ethereum towards the $6,860 mark, according to the 1.618 Fibonacci extension level.
According to Coingabbar Prediction, Ethereum price prediction 2030 is close to $20,000.
KEY LEVELS :
RESISTANCE LEVEL : $3,940-$4,060
SUPPORT LEVEL : $3,820-$3,740
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