Ethereum Price Prediction: ETH Dey Eye $5,000 After 9% Rally
Ethereum (ETH) sharp increase pass 9% today, dem trade around $4,718, balance between big support for $4,659 and resistance for $4,817. For hourly chart, no be bulls or bears wey dey dominate, e mean say small volatility dey for next 24 hours. If e break above the main $4,783 level, e fit make am move go the psychological $5,000 level. But for weekly timeframe, e show false breakout above November 2021 high. If the weekly candle close well below that peak, bearish pressure fit strong well-well, fit drag ETH back to the $4,500 level by the end of the month. Traders suppose dey watch these levels sharp-sharp for entry and exit signals.
Neutral
Di predicshon dey show both di chance to go up and di risk wey dey go down, as Ethereum dey trade for one set range. If e cross pass $4,783, e fit spark better bullish move go $5,000, but if e no fit hold key levels, e fit drop go $4,500. Similar tins wey happen before, ETH dey waka sideways until e clear breakout show. Dis balanced look dey mean say for short term, no clear direction dey, so make neutral stance hold. For long time, if e still dey above resistance, e fit change trend go bullish, but current chart dey show say e dey consolidate.