Ethereum Price Will Still Climb Above $5,000 As Long As It Holds This Level 🚀
The Ethereum price has been consolidating within a wide range, as analysts await the next significant breakout. Market expert Daan Crypto Trades emphasizes the importance of maintaining the $4,400 support level for Ethereum's path towards $5,000.
According to the expert, ETH has oscillated between $4,100 and $4,800, with several false bullish and bearish moves. However, the $4,400 level remains crucial, aligning with strong accumulation levels.
Daan Crypto Trades points out that Bitmine Immersion Technologies, Inc. has been accumulating ETH, though at a slower pace. The $4,400 support level appears vital to maintain bullish control.
In follow-up analysis, the analyst describes Ethereum as being in a "$5,000 waiting room," with recent rebounds from the $4,400 region indicating potential for new all-time highs. If Ethereum holds this support, surpassing the $5,000 milestone may only be a matter of time.
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