Citing NewsBTC, crypto analyst Crypto Bullet has predicted a potential 38% surge in Ethereum's price, reaching $3,500. This forecast is based on Ethereum's ongoing battle with the 50EMA, which is currently the main resistance preventing a price increase. Crypto Bullet suggests that a breakout is imminent, which could lead to a significant price jump. Additionally, Ethereum has recently surpassed the $2,500 resistance, indicating a bullish trend. Another analyst, Trader Tardigrade, noted that Ethereum's daily candle closed above the $2,650 resistance, signaling the start of a new bull run. At present, Ethereum is trading at approximately $2,670, marking a 7% increase in the last 24 hours. The analysis highlights the potential for Ethereum to reach $3,300 and possibly $4,000 if the breakout above the 200-day MA is successful.
Ethereum Price Could Surge 38% to $3,500 Amid 50EMA Breakout
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