MACD exhibits a bullish cross
An analyst captain Faibik on Tweeted with bulliosh sentiment on X platform, that a breakout is anticipated in wedge pattern and it could send it to $4000 price mark.
Similarly, on observing the analyst tweet, the ETH asset daily chart depicts that, it has been rising steadily and firmly, from support as it remains above the major 200-day EMAs, indicating bullish strength on the long term.
Likewise, the MACD exhibits a bullish cross, with a growing histogram in ETH at -42.9, and the RSI flashed t 52.70, which has been signifying that the asset is not losing its steam yet and could continue to climb higher in future sessions.
Therefore, if the breakout persists, the next goal for the ETH price could be to reach the above levels, such as $3350.0 and $3720.0. However, if the Ethereum crypto price fails to stay above the $2850.0 level, it could decline further.
Similarly, on observing the analyst tweet, the ETH asset daily chart depicts that, it has been rising steadily and firmly, from support as it remains above the major 200-day EMAs, indicating bullish strength on the long term.
Likewise, the MACD exhibits a bullish cross, with a growing histogram in ETH at -42.9, and the RSI flashed t 52.70, which has been signifying that the asset is not losing its steam yet and could continue to climb higher in future sessions.
Therefore, if the breakout persists, the next goal for the ETH price could be to reach the above levels, such as $3350.0 and $3720.0. However, if the Ethereum crypto price fails to stay above the $2850.0 level, it could decline further.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.