Analyst Says Ethereum Is Poised to Top $5,000

Analyst Michaël van de Poppe has stated that Ethereum's ecosystem is the best for investment, predicting that Ether (ETH) is close to achieving a new all-time high exceeding $5,000. Recently, Ether rose by 1.50% to $3,822.60, with trading volume being 19.01% above its seven-day average. However, it faced resistance around the $3,860–$3,880 range, leading to a slight decline. Key support levels are identified between $3,680 and $3,720. The technical analysis suggests active buyers despite a late rejection, leaving a tighter trading range. A solid breakout above $3,880 is necessary for a run at higher prices, while a drop below $3,720 could expose further declines. Overall, investor sentiment remains optimistic, as traders are monitoring the critical resistance levels with heightened interest.

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