Ethereum has recently performed strongly, with the price breaking through the $3800 mark, attracting market attention. However, on the road to future pumps, it still faces two important resistance levels.



First, $4100 is a key barrier. In the past, Ethereum has encountered strong resistance at this price level twice, making it difficult to break through. If it can successfully surpass this threshold, it will pave the way for further pump.

Secondly, $4800 is the high point of the last bull market and another important resistance level. Only when Ethereum successfully breaks through these two key price levels is it possible to advance towards the range of $5000 to $6000.

It is worth noting that market development takes time, and investors should remain patient. While some optimists have begun discussing targets of $8000 or $10000, such expectations may be premature. We should remain rational and focus on the current market dynamics and technical performance.

Overall, the rise of Ethereum is encouraging, but investors still need to be cautious and closely follow the performance of these key price levels. In the short term, the market may need more time to digest the current pump and build strength for potential breakthroughs in the future.
ETH-3%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Share
Comment
0/400
AirdropDreamBreakervip
· 10h ago
Daily occurrences of shattered fantasies
View OriginalReply0
MemeCoinSavantvip
· 07-22 21:15
statistical hopium hitting different rn ngl
Reply0
BitcoinDaddyvip
· 07-22 05:50
I have been buying the dip for three years and finally understand it.
View OriginalReply0
LiquidityWitchvip
· 07-22 05:50
Waiting to see if it breaks the 4k level before buying!
View OriginalReply0
NftRegretMachinevip
· 07-22 05:27
In a bull run, everyone is a prophet, those who understand know~
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)