Ethereum

bullish

Coin

<ul class="wp-block-list news-points">
 <li>Ethereum’s price faces key resistance at $3,950, crucial for a bullish breakout.</li>
 <li>Short-term bearish sentiment persists as ETH’s RSI suggests a potential rebound.</li>
 <li>ETH could surge past $4,500 if it breaks key resistance by December 2024.</li>
</ul>
Ethereum’s price has shown volatile behavior, alternating between gains and losses. As of this writing, Ethereum (ETH) trades at <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">$3,907.04</a>, reflecting a 1.71% decline in the last 24 hours.
Despite the pullback, analysts remain optimistic about ETH’s potential to reach $6,000, provided it can overcome crucial resistance levels.
<h2 class="wp-block-heading" id="h-analyzing-key-price-levels">Analyzing Key Price Levels</h2>
<a href="https://coinedition.com/ethereums-hidden-strengths-growth-signals-you-cant-ignore/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">Ethereum’s</a> recent price action has been choppy, bouncing between bullish and bearish. The price trend shows signs of caution as it nears critical support and resistance zones.&nbsp;
The immediate support level stands at $3,900, signaling a psychological threshold for traders. A failure to maintain this level could push the price to $3,875, followed by $3,850, both considered essential defensive lines against further declines.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcjwCtVs1ZDF4lacBxl1167udo9jjgktsbYS_Rw0kNPQs1DMYRkKB6A2rnLuy3i4T8EKTYY_z81FgKa3qJwYZzG9REJXoAxpURV3cGjBeDXh1WGL2Xrpj9Sjm8cr_Cd2u1ELlU1?key=WQAc68oEPswPb5XbmT1J5Xhc" alt="">
 <figcaption class="wp-element-caption">Source: Coinmarketcap
 </figcaption>
 </figure>
</div>
Conversely, resistance levels are pivotal for assessing ETH’s upward potential. The first hurdle lies at $3,950, a z…
The post <a href="https://coinedition.com/ethereum-price-forecast-is-a-6k-target-within-reach/" rel="noopener noreferrer nofollow">Ethereum Price Forecast: Is a $6K Target Within Reach?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ethereum Price Forecast: Is a $6K Target Within Reach?

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