There‘s the break
As I said about a month ago in this post, the crucial resistance for ETH is the area $3800-4000. Now we have clearly broken above, currently trading at about $4200.
Good News for Ethereum investors: Next stop is the ATH at $4900! The momentum we are seeing now could well drive us there in the coming weeks. We are seeing very steady inflows for the $ETH ETFs, a couple of hundred million dollars daily ln average.
While I see the bullish narrative that has building up after the StableCoin regulation of GENIUS Act (most stable coin volume on Ethereum), I still don’t believe in a huge rallye this year, that will push the price into five digits area. My bullish target price is between 6-8k.
What is your feeling and expectation for Ethereum these days?
Source: CoinMarketCap
