Ethereum Price Prediction: Jack Ma’s ETH Reserve Report Boosts Market Sentiment
3d ago•
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- Ethereum trades near $4,456, with $4,800 breakout eyed for targets at $5,000–$5,200.
- Jack Ma’s reported Ethereum reserve boosts optimism and draws market attention.
- Net outflows of $66M show profit-taking, but derivatives data supports bullish bias.
Ethereum (CRYPTO: ETH) price today is trading near $4,456, consolidating just below a critical descending trendline that has capped upside attempts since August. The market is holding above its short-term supports, with buyers defending the $4,390–$4,290 zone where the 20-day and 50-day EMAs converge.
Ethereum Price Holds Ascending Support
On the daily chart, Ethereum continues to trade within an ascending triangle pattern, defined by rising support from June and a horizontal ceiling near $4,750–$4,800. This structure suggests an impending breakout as price near…
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3d ago•
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