Ethereum

The post <a href="https://coinpedia.org/price-analysis/short-term-and-long-term-price-analysis-for-ethereum-when-it-could-reach-5000/">Short-Term and Long-Term Price Analysis for Ethereum: When it Could Reach $5000</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The first quarter of the year is about to end while the markets appear to be preparing for a fine upswing. After a minor consolidation, the tokens have triggered a strong recovery, which suggests they could be heading towards forming a new ATH in the coming days. Meanwhile, the second largest crypto, Ethereum, appears to have opted for a slow yet steady race as it still lags heavily behind the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">BTC price</a> rally.&nbsp; 
What’s waiting for the Ethereum price during the monthly close? 
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The daily chart suggests the <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">ETH price</a> is trading within an ascending triangle and has triggered a rebound before reaching the lower support. The RSI has displayed a bullish divergence, which suggests the price may also follow a strong ascending trend. Therefore, the second-largest token is expected to drag itself towards the upper resistance zone between $4000 and $4114 before the end of the week. However, the monthly trade may also be bullish, with the levels surging beyond $4200.&nbsp; 
When will the ETH price soar past $5000? 
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The long-term chart suggests the ETH price is on a bullish trajectory and has begun with the next bullish phase. After rebounding from the lower ranges, the price is testing the interim resistance, which is situated just above $4000 and clearance may lead to a fresh upswing towards higher targets.&nbsp; 
The RSI remains within the bullish range and is trying to trigger a rebound which may validate a bullish reversal within the upper range. This trade set-up indicates the price could find its highs somewhere around $11,500 to $12,000 during the end of Q1 2025 or in the first few weeks of Q2 2025.&nbsp; 
Also Read: <a href="https://coinpedia.org/price-analysis/bitcoin-price-back-above-70000-may-reach-82000-if-this-trade-plays-out-well/">Bitcoin Price Back Above $70,000: May Reach $82,000 If This Trade Plays Out Well</a>

Short-Term and Long-Term Price Analysis for Ethereum: When it Could Reach $5000

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