Ethereum Price Prediction: Extremely Strong Support And Monthly 55 EMA Says ETH Is Headed For $4,867 📈
Ethereum has been underperforming compared to Bitcoin, failing to return to its all-time high for over three years. Despite being the second-largest cryptocurrency, it struggles during price rallies.
A new technical outlook indicates Ethereum might soon reach $4,867 based on multiple technical indicators. Analysts on TradingView highlight Ethereum's bullish outlook, underscored by support trendlines and Fibonacci levels.
The monthly 55 EMA further supports Ethereum's growth potential. Ascending triangle formation and Fibonacci points suggest a possible breakout above $4,000, potentially pushing Ethereum to $4,867.
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