Ethereum Price Prediction: With a $569B Market Cap, Is the New
1Cryptocurrency
Ethereum
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Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...
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Last updated:
29 minutes ago
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Ethereum has made an impressive price action this week, climbing above $4,700 and pushing its market cap to $569 billion. That’s a 9% daily gain, which exhibits just how quickly momentum can shift when investors are taking control of the market.
In just two sessions, ETH added more than $800, a rally fueled by cleaner technical signals and stronger interest from bigger players in the market.
Looking at the 4-hour chart, ETH has carved out a classic ABCD harmonic pattern, a sign that the move isn’t random but follows a structured path. The breakout above the 50-period SMA at $4,388 also came with a bullish engulfing candle—an early indication that sellers lost their grip and buyers were willing to commit.
Ethereum (ETH/USD) Key Levels to Watch Now.
Bitcoin price prediction is slightly bullish as the ETH/USD pair is showing strength without looking stretched. The relative strength index (RSI) is holding around 65, high but not yet overbought.
Whereas, the (Moving Average Convergence Divergence) MACD is widening on the bullish side, suggesting momentum still has room.
Right now, price action is consolidating around $4,700 in what looks like a flag formation. That’s often the pause before the next leg up.
Here’s how the chart stacks up: support is sitting around $4,600, with a stronger base near $4,400. Resistance is at $4,900—if ETH clears that, it opens a path to $5,300, and eventually $5,700.
These levels line up closely with the extension targets highlighted on TradingView’s path tool.
Looking Ahead: Can ETH Push Toward $6,000?.
For traders,...
https://cryptonews.com/news/ethereum-price-prediction-with-a-569b-market-cap-is-the-new-all-time-high-just-the-beginning-for-eth/
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