- Ethereum eyes $4,000 breakout, with potential rallies toward $7,400, $10,000, and $14,000.
- Pectra upgrade to enhance wallet functionality, staking limits, and network efficiency.
- Fusaka upgrade plans include encrypted mempools and improved transaction tracking tools.
Ethereum appears ready for a major move, with analysts watching closely for a breakout above $4,000—a key level for further gains. Ali Martinez predicts that if Ethereum breaks through resistance, it might climb to $7,400, $10,000, or even $14,000.
The price currently hovers around $2,705.34, reflecting a 2.36% drop in the last 24 hours. Support is found at $1,850, while resistance at $4,000 stands as a major barrier. The price action suggests a period of consolidation, setting the stage for a sharp move that could change the market outlook.
Key Support and Resistance Levels
Ethereum has been moving within a narrow range, hovering near $2,785.
The current market indicates that bulls must drive prices above $4,000 to confirm a breakout. A move above this threshold could spark an upward rally, first targeting $7,400 and eventually reaching $10,000 or even $14,000.
Source: X
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