Sherpa

<ul class="news-points"> 
 <li><strong>ETH may break out of its tight trading range if the coin price hits $2,200.</strong></li> 
 <li><strong>The 50 EMA had crossed over the 200 EMA, suggesting a bullish breakout in the mid to long-term.</strong></li> 
 <li><strong>If ETH fails to flip the $2,042 resistance, the price may drop to $1,994.</strong></li> 
</ul> 
<p>Crypto analyst Altcoin Sherpa told his 198,900 X followers that the price of <a href="https://coinedition.com/analyst-predicts-ethereum-to-peak-28000-pushed-by-etf-approval/">Ethereum (ETH)</a> would reach $3,000 in the next few months. Sherpa, who sounded confident of his prediction, referred to ETH’s historical price action.</p> 
<p>In backing up his point, the analyst noted that the ETH price has not closed above $2,200 in about a year and a half. He added that this altcoin’s inability to hit the said value would be the reason leading to the projected breakout.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a>: This one is so obvious to me. It's going to go to $3000+ within the next few months and there's nothing you can do about it. No 1W close above this $2200 level in 1.5 years, ofc it's going to break it given the landscape. <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Ethereum</a> <a href="https://t.co/lnhAyj5UKj" target="_blank" rel="nofollow">pic.twitter.com/lnhAyj5UKj</a></p>— Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1729968484501573844?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 29, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-eth-forms-a-golden-cross"><strong>ETH Forms a Golden Cross&nbsp;</strong></h2> 
<p>At press time, ETH’s value was $2,038. Earlier in the week, the coin broke above $2,100. However, negative marke…</p>
<p>The post <a href="https://coinedition.com/eth-to-3000-heres-what-the-technical-outlook-suggests/">ETH to $3,000? Here’s What the Technical Outlook Suggests</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

ETH to $3,000? Here’s What the Technical Outlook Suggests

Table of Contents

Coin Edition

Other articles published on Nov 30, 2023

29 Thousand Bitcoin and 230 Thousand Ethereum Options Will Expire Tomorrow! What Does It Mean for...

Bitcoin Price Could Drop to $32,000 After Consolidation Period!

Clearpool & OKX Web3 Integration: Bringing Lending Opportunities to 400k OKX Web3 Users

Deciphering Ripple’s Market Movements: A Technical Analysis of XRP

DevAI Revolutionizes Blockchain Contract Creation with AI-Powered Telegram Bot

UK Government Urges Crypto Users to Disclose Unpaid Taxes

Join our free newsletter for daily crypto updates!