Analyst Says '$ETH Is on Edge of Having a New All-Time High North of $5,000’

Crypto analyst Michaël van de Poppe believes Ethereum is the best ecosystem for investment and suggests that Ether is on the verge of reaching a new all-time high above $5,000. After seeing a gain of 1.50%, Ether's price fluctuated between $3,771.27 and $3,822.78 within a day, impacted by a late rejection near $3,860–$3,880. Current support levels are found between $3,680–$3,720, and reclaiming $3,880 would signal further upward momentum. The analysis indicates active buyer engagement during upward movements, but sellers are still defending the upper price band. The overall trading volume was 19.01% above the seven-day average, reflecting notable participation. The path ahead indicates that achieving a solid hold above $3,880 is crucial for bulls, while bears may target lower support of $3,680 if they regain control.

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