CandleFocus $1,200 Ethereum on the Cards
2024-09-10
Author: Content Editor
Analysts are divided on the future price movement of Ethereum (ETH). Some predict a further decline, potentially reaching $1,200 by the end of the year, based on a wedge pattern similar to 2019. However, others anticipate an upward breakout due to a bullish divergence and higher lows. Currently, Ethereum is trading at $2,360 with key momentum indicators suggesting rising demand. If buying momentum continues, ETH could maintain its upward trend and aim to break past resistance at $2,535. However, any spike in profit-taking activity could cause a drop to its August 5 low of $2,112.
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