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<p>Popular<a href="https://twitter.com/CryptoMichNL/status/1745726105837777004?t=YO_SHBGx_jQU_uc6gXFnYQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow"> crypto trader Michaël van de Poppe</a> predicts that the price of Ethereum’s ETH token could reach $3,500 in the next 2-3 months. In a recent Twitter post, van de Poppe stated:</p>
<p>“<strong>Ethereum flipped the crucial level at $2,130 for continuation. After that, breakout towards new cycle highs at $2,700 and looking for continuation to $3,500 in the coming 2-3 months.</strong>“</p>
<p>This bullish forecast comes on the heels of a technical analysis report on ETH from research firm altfins.</p>
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<p><strong>Breakout After Multiple Rejections</strong></p>
<p>According to altfins, ETH finally had a bullish breakout after getting rejected three times at the $2,400 resistance level. This breakout signals a resumption of the overall uptrend, with the next price target at $2,750. altfins recommends placing a stop loss at $2,270, which is 5% below the breakout level.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-349-1024x573.png" alt="" class="wp-image-419385" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-349-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-349-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-349-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-349-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-349-2048x1146.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-349-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-349-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-349-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-349-788x441.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><em>Source: </em><strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p>
<p>Additionally, altfins notes that ETH is likely to benefit from the upcoming launch of a spot ETH exchange-traded fund (ETF) in May 2024. The launch of this ETF could bring significant institutional investment into ETH.</p>
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<p><strong>Overall Trend Remains Bullish</strong></p>
<p>The technical analysis firm states that the overall trend for ETH remains bullish across short-, medium- and long-term time horizons. Momentum indicators like the MACD and RSI also reflect growing bullish sentiment.</p>
<p><strong>Key Support and Resistance Levels</strong></p>
<p>If ETH experiences a pullback from current levels, altfins has identified key support zones at $2,150 (previous resistance level) and $2,000. The token recently broke through the resistance at $2,400, clearing the way for a move towards $2,750 next.</p>
<p><strong>Can ETH Really Hit $3,500?</strong></p>
<p>While van de Poppe’s $3,500 target may seem ambitious, it would only require a 57% price appreciation from current levels around $2,230. Given the strongly bullish technical setup and positive fundamentals for Ethereum in the coming months, this target is certainly within reach.</p>
<p>As van de Poppe stated, <strong>“After that, breakout towards new cycle highs at $2,700 and looking for continuation to $3,500 in the coming 2-3 months.”</strong> If bullish momentum continues building, ETH reaching $3,500 by mid-2024 is a strong possibility.</p>
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<p>The post <a href="https://captainaltcoin.com/ethereum-eth-becomes-bullish-across-all-timeframes-could-reach-this-price-in-2-months/" rel="noopener noreferrer nofollow">Ethereum (ETH) Becomes Bullish Across All Timeframes, Could Reach This Price in 2 Months</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ethereum (ETH) Becomes Bullish Across All Timeframes, Could Reach This Price in 2 Months

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