Ethereum

Bitcoin

Momentum

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<ul> 
 <li>Ethereum remains resilient but struggles to surpass $3,<a href="https://cryptonewsland.com/vaneck-forecasts-eth-surge-to-11800-by-2030-competing-with-u-s-bonds/">800</a>, hinting at a potential rally.</li> 
 <li>A surge in trading volume and positive technical indicators boost market optimism.</li> 
 <li>Analysts are cautiously optimistic about Ethereum’s potential to reach $4,000, supported by forecasts and bullish sentiment.</li> 
</ul> 
Ethereum (ETH) is gradually shaking off the bearish pressures, though its ascent beyond the $3,800 mark remains elusive. Market observers note a steady climb, yet the digital currency seems to hover around the $3,600 threshold following a necessary correction.&nbsp; 
This seesawing in price dynamics suggests an underlying strength, signaling a potential rally on the horizon. Meanwhile, recent trading activity paints a promising picture for Ethereum enthusiasts.&nbsp;The ETH/USD pair has encountered significant hurdles on its upward trajectory, but it has found solid support near $3,600. Analysts view this rebound as a pivotal moment, establishing the $3,600 level as a critical pivot for Ethereum investors to monitor closely. 
Significantly, there has been a notable surge in trading volumes, which has contributed to the growing optimism among market participants. Moreover, technical signals are reinforcing this positive outlook, particularly with the convergence of the 50-day and 200-day moving averages. This alignment, referred to as a “golden cross,” has historically preceded significant price increases for <a href="https://coinmarketcap.com/currencies/ethereum/">Ethereum</a>. These developments lend support to projections of a potential breakthrough beyond $4,000 should the current momentum endure. 
Market analysts remain cautiously optimistic, eyeing the potential for Ethereum to leapfrog toward the $4,000 milestone in its next leg of growth. Amidst this backdrop, forecasts from industry experts, such as CoinCodex’s prediction of a 2.16% increase, underscore the prevailing bullish sentiment, mirrored by a Fear &amp; Greed Index registering at 74, indicative of investor greed. 
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The post <a href="https://cryptonewsland.com/ethereum-eyes-4000-will-momentum-push-beyond-3800-resistance/">Ethereum Eyes $4,000: Will Momentum Push Beyond $3,800 Resistance?</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.

Ethereum Eyes $4,000: Will Momentum Push Beyond $3,800 Resistance?

Crypto News Land

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