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ETH Price Analysis: Can Ethereum Break $4,500 to Target $10,000?

6d ago
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A new XRP price narrative targets $7, a value derived from a popular comparison of its market cap to the net worth of Elon Musk.
  • Ethereum declined 10.32% this week, currently hovering around $4,000.
  • Key resistance levels: $4,158, $4,307, and $4,505; support zones: $3,515, $3,020, and $2,772.
  • Despite the drop, optimism persists for a potential breakout toward $10,000 by year-end.

The price of Ethereum (ETH) is under significant bearish pressure, currently trading near $4,014 after a 10.32% decline over the past week. This pullback follows a volatile September, leaving traders watching key price levels that could determine the next major move.

Ethereum Price Resistance Zones Above $4,000

In a recent tweet, market analyst Ali Martinez identified three critical resistance levels based on Glassnode’s UTXO Realized Price Distribution (URPD) data. These levels are clustered around $4,158, $4,307, and $4,505, which are key areas Ethereum must break through to make a run toward a new all…

Read The Full Article ETH Price Analysis: Can Ethereum Break $4,500 to Target $10,000? On Coin Edition.

6d ago
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