Ethereum Eyes $4K After 28% Weekly Surge
ETH jumps 28% after breaking MA50 on weekly chart. Analysts see $4,000 as the next major target.
- ETH rose 28% after breaking above the MA50 weekly level.
- No signs of weakness are visible on current charts.
- Analysts target $4,000 in the near term.
Ethereum Breaks Out with Strength
Ethereum has posted an impressive 28% gain in just one week, sparked by a breakout above the 50-week moving average (MA50). This technical move was seen by many analysts as a major bullish signal, and the price action since then has validated that view.
The MA50 breakout marked a key turning point. Historically, breaking above this level often precedes strong bullish runs. Traders and investors responded quickly, driving Ethereum’s price higher with solid volume and momentum.
Currently, there are no signs of weakness in the chart, and ETH continues to show strong buying pressure.
Road to $4,000: Is Ethereum Ready?
With the current trend, many analysts are eyeing $4,000 as the next big target for ETH. This level represents a psychological barrier and a technical resistance area based on past price history.
If Ethereum maintains its current momentum, breaking through $4,000 could set the stage for a move toward previous all-time highs. The overall sentiment in the crypto market remains bullish, especially with broader optimism around ETH’s long-term role in smart contracts and Web3 infrastructure.
However, traders should also stay alert. Sharp moves like these can lead to temporary pullbacks, but as long as ETH holds above key support levels, the path to $4,000 looks viable.
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