CandleFocus Ethereum Price Analysis: Is This Final Pullback Before ETH Breaks $4000?
2024-11-26
Author: Content Editor
In the last week of November, the cryptocurrency market experienced a pause in its rally, with Bitcoin stalling at the $100,000 mark. This consolidation is attributed to concerns about a positive December interest rate cut. Ethereum also saw a slight pullback in its price analysis, aiming to regain bullish momentum before surpassing $4,000. The recent stagnation at $3,500 raises concerns about a potential repeat scenario, with the momentum indicator suggesting buyer exhaustion. The current trading value of Ethereum is $3,328, with a predicted pullback to retest the $3,000 level. If the altcoin manages to find support at this level, a potential breakout could push it to a high of $4,100, with a bullish market sentiment.
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