The article discusses the recent bullish momentum and price increase of Ethereum (ETH). With Ethereum breaking the multi-month high of $3,600, there is optimism that it will reach the $4,000 mark. The refreshed momentum has improved sentiment in the Ethereum market, and one analyst has a price target of $6,000 for Ethereum. The article also mentions technical indicators, such as the crossing of EMAs and the RSI line, which support a bullish viewpoint for Ethereum. The analyst highlights a rising channel pattern on the weekly chart and projects a mid-term target of $6,000. There is mention of a possible intraday pullback as a retest of a breakout level, but the overall trend is bullish. The immediate resistance level is $4,091, while the crucial support levels are $3,300 and $3,000.



Other News from Today