Ethereum rate has bounced off the $2100 barrier (channel support level). The next resistance zone is located around $5500-6000, so I expect the next stop when it reaches $6000,’ the expert wrote.
Crypto Pate believes that the price of Ethereum will overcome the nearest resistance zone around $3800-4400 and update the historical high at $4869, reached in 2021. The asset price will then briefly exceed the upper boundary of the resistance barrier at $6000, correct to $4400 and start rising again until it reaches $8000-10,000.
Crypto Pate's Ethereum exchange rate forecast on the chart below
Crypto Pate, like one of the commenters, advised buying Ethereum at a price of $2500 or less. The coin is now at $2587, but given the fact that the cryptocurrency's exchange rate is fluctuating within a shrinking triangle, we can assume that the asset's value will fall to around $2200 in the near future, and traders will have a great opportunity to buy coins before the pampa at a relatively low price. 0 reply
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