Ethereum

<ul><li>Ethereum shows signs of upward momentum, aiming for $4,000, fueled by a descending broadening wedge pattern.</li><li>Despite short-term bearish indicators, Ethereum&#39;s long-term trend remains bullish, supported by 100-day and 200-day EMAs.</li><li>Breakout above the upper trendline of the wedge pattern could spark renewed investor confidence and drive Ethereum&#39;s price higher.</li></ul><a href="https://cryptotale.org/analyst-charts-ethereums-resilience-amidst-market-swings-whats-next-for-eth/" rel="noopener noreferrer nofollow">Ethereum </a>(ETH) has recently shown signs of potential upward momentum, hinting at a break above the $4,000 mark as highlighted by Captain Faibik, an analyst. Over the past few trading sessions, a descending broadening wedge pattern has emerged on shorter time frame charts, indicating a possible bullish breakout. Currently priced at<a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow"> $3,520.56</a>, Ethereum&#39;s journey towards this significant threshold has garnered attention from traders and investors alike.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c608d2544ee449a1b9006e44fb10b039.png" />Analyzing<a href="https://cryptotale.org/analyst-sets-ethereum-dip-targets-amidst-market-turbulence/" rel="noopener noreferrer nofollow"> Ethereum&#39;s</a> price action, it&#39;s evident that the cryptocurrency is hovering in a delicate balance between bullish and bearish forces. With a 24-hour trading volume of $20,220,238,798, Ethereum has managed to sustain a modest 0.26% increase within the last day.However, indicators such as the 1-day Relative Strength Index (RSI) reading of 50.73 suggest a neutral stance, neither overbought nor oversold. Yet, the 1-day Moving Average Convergence Divergence (MACD) trading below the signal line at 70.1 implies a looming downward pressure in the short term.<a href="https://cryptotale.org/ethereum-soars-as-analyst-predicts-break-above-4000-mark/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Ethereum Soars As Analyst Predicts Break Above $4,000 Mark

CryptoTale

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