Ethereum

Major

bullish

Resistance

Gains

<ul class="wp-block-list">
 <li>With resistance above $3,926 likely to spur additional rises, Ethereum's breakout above $3,200 points to a possible advance to $3,700.</li>  
 <li>Analysts predict Ethereum could hit $10,000 if it clears the $4,000 barrier, supported by consistently higher lows over the past 2.5 years.</li>  
 <li>Ethereum’s bullish momentum remains strong, with key support levels holding and room for growth toward targets of $8,428 and $13,061.</li> 
</ul>  
Ethereum has shown upward momentum in recent weeks, backed by consistently higher lows and strong support levels. Notably, analysts Michaël van de Poppe and CryptoWolf highlighted Ethereum's trajectory toward a bullish continuation if critical resistance zones are surpassed.  
Van de Poppe emphasized Ethereum's current positioning around <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">$3,200</a>, predicting a likely rise toward $3,700. His analysis showed that Ethereum’s rally gained traction after breaking resistance near $2,768.01 and retesting it as support.&nbsp;  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcXH1QTsCC4S5BTVSRTe0h47d2h_Beqe21v49ACm6YqCXiy0CeJ3Un38WkRTGTA8PRkTNs8r0vFlxevgAOI2oqHrYduGGaIqQpty4LcJ7BvTcpaB7wNwmL3pjTgnxcwpZGlK4xRgw?key=-NA7WODi8VWlnGMoExsbr8UR" alt="">
</figure>  
Source: <a href="https://x.com/CryptoMichNL/status/1858168718792225274" target="_blank" rel="noopener noreferrer nofollow">Michaël van de Poppe</a>  
This breakout pushed prices toward $3,146.98 before entering a slight retracement phase, stabilizing above $3,120.05. Furthermore, key support zones, such as $2,768.01 and $2,452.57, continue to underpin the bullish trend.  
Meanwhile, CryptoWolf pointed to Ethereum's long-term momentum, with higher lows established over the past 2.5 years. The $4,000 resistance is a critical threshold, he says. A rally toward $10,000 might be indicated by a breakthrough.  
A historical viewpoint from 2021 was incorporated into his study, demonstrating<a href="https://cryptonewsland.com/ethereum-faces-reduced-interest-as-large-holders-step-back/" target="_blank" rel="noopener noreferrer nofollow"> Ethereum's rebound from 2022 lows</a> of around $1,050. Trendlines connecting these lows highlight the gradual build-up in momentum.  
<h2 class="wp-block-heading" id="h-key-levels-signal-continued-strength">Key Levels Signal Continued Strength</h2>  
Significantly, Ethereum’s chart reveals a structured upward trajectory supported by ascending trendlines and consistent higher lows. Resistance around $3,926 remains a critical barrier, but its breach could drive further gains. CryptoWolf highlighted additional targets, such as $8,428.85 and $13,061.53, indicating room for substantial growth.  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcwjAxBq14fassXkvGzwLPx9e43TtoBdp-plNW3y9LP5KpK0Wj6bwTOumkuYjH4XSkim1zBJHkGdwwKLnk1vleNwNsiRUO-fQLIt2NU5Adn8hZy_0hUox13tbRCSRamKxKgt04Wpg?key=-NA7WODi8VWlnGMoExsbr8UR" alt="">
</figure>  
Source: <a href="https://x.com/IamCryptoWolf/status/1858215014391587079" target="_blank" rel="noopener noreferrer nofollow">CryptoWolf</a>  
Additionally, RSI data <a href="https://cryptonewsland.com/pepe-reports-over-50-gain-in-30-days-whats-next/" target="_blank" rel="noopener noreferrer nofollow">suggests heightened trading activity</a>, nearing the overbought zone. This reflects strong buyer interest, although minor corrections may occur. Notably, Ethereum’s consolidation phases and resistance reclaims showcase robust bullish market sentiment.  
<h2 class="wp-block-heading" id="h-analysts-eye-a-bullish-continuation">Analysts Eye a Bullish Continuation</h2>  
Both analysts concur that <a href="https://cryptonewsland.com/ethereum-surges-amid-whales-activity-bullish-momentum-builds/" target="_blank" rel="noopener noreferrer nofollow">Ethereum is building momentum</a> for extended gains. Besides maintaining support near $3,090.90, it demonstrates resilience against retracement pressures. Furthermore, historical patterns and strong fundamentals continue to bolster optimism among investors.  
Consequently, Ethereum’s sustained upward momentum suggests a promising path. If the $4,000 level clears, the market could witness price surges. With long-term targets in sight, analysts remain optimistic about Ethereum’s bullish potential in the coming months. 
The post <a href="https://cryptonewsland.com/ethereums-bullish-momentum-key-support-levels/" rel="noopener noreferrer nofollow">Ethereum’s Bullish Momentum, Key Support Levels and $4,000 Resistance Could Lead to Major Gains</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Ethereum’s Bullish Momentum, Key Support Levels and $4,000 Resistance Could Lead to Major Gains

Table of Contents

Crypto News Land

Other articles published on Nov 18, 2024

Crypto Casino Metawin Hacked for $4M+ Due to Withdrawal System Exploit

Bitcoin Price Falls After Biden’s Missile Decision

New Cryptocurrency Releases, Listings, & Presales Today – The Society Library, Urolithin A, IQ Pr...

Pump.fun fee account sells $25m SOL

New Bitcoin Announcement from Binance! This Altcoin's Price Has Increased Incredibly!

OKX launches zero-fee Singapore dollar transfers via PayNow, FAST

Join our free newsletter for daily crypto updates!