Ethereum’s price has skyrocketed! Since early April, it’s jumped almost 97%, going from around $1,388 to over $2,743. This huge increase has everyone in the crypto world talking.
Is Ethereum About to Hit a New High?
One analyst, CoRE, is super bullish on Ethereum. They believe it’s practically guaranteed to hit a new all-time high (ATH). CoRE points out that Ethereum already had a massive price jump in just 34 days, so another big jump isn’t out of the question.
Key Resistance Levels and Potential Targets
Currently, Ethereum is facing resistance around $2,640. If it breaks through this level, the next big target is $3,200 – a significant psychological and technical level. A strong move past $3,200 would really confirm the upward trend. Technical indicators and increasing trading volume are also hinting at a bullish move.
What the Charts Are Saying
Another analyst, GemXBT, sees Ethereum consolidating around $2,600. While some short-term indicators like the moving average crossover are looking positive, others like the RSI (Relative Strength Index) are still neutral. This means the price could go up or down, depending on what happens next. GemXBT highlights $2,550 as potential support and $2,650 as resistance. Breaking above $2,650 would be a very bullish sign.
The Bottom Line
Ethereum’s recent price action is impressive. While there’s some uncertainty, many analysts believe the price will continue to climb. The next few days will be crucial in determining whether Ethereum can break through key resistance levels and continue its upward trajectory.