{
Daghan F. Bilgisu

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ethereum approaches critical four thousand dollar level amid strong market signals

Ethereum is making its fourth attempt to breach the critical $4,000 level, currently trading at $3,696, with technical indicators suggesting potential upward momentum. Analysts highlight an inverse head-and-shoulders pattern and strong accumulation, particularly from BlackRock's ETF, which has surpassed 1 million ETH. A successful breakout above $4,150 could pave the way for targets as high as $8,047, supported by healthy trading volumes and a solid base above $3,600.
MoneyCheck
BlackRock, Inc. Daghan F. Bilgisu Ali Martinez
Finance & Economy, Market Report
12:21 07.01.2025

ethereum targets four thousand dollars with bullish chart pattern signals

Ethereum has surged past $3,670, reigniting hopes for a breakout above the critical $4,000 resistance level, which it has tested three times since March 2024. Analysts suggest that the formation of an inverse head-and-shoulders pattern could signal a potential reversal, with a successful breakout paving the way for new all-time highs. Additionally, Ethereum is showing bullish signs within an ascending parallel channel, with targets set as high as $6,000.
Bitcoinist.com
Ethereum USD Daghan F. Bilgisu Ali Martinez
Finance & Economy, Market Report
08:30 07.01.2025
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