Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»Cryptocurrency Analyst Sets New $5,000 Target
ETHEREUM NEWS

Cryptocurrency Analyst Sets New $5,000 Target

By Crypto FlexsMarch 13, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cryptocurrency Analyst Sets New ,000 Target
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum is currently strong foundation above The price is around $4,000 Bullish momentum continues rule. According to cryptocurrency analyst Ali Martinez, this bullish momentum could continue and Ethereum could soon reach $5,000.

Ali Martinez made this known, citing data from IntoTheBlock. The second-largest cryptocurrency noted that it still has room to rise to $5,000 despite small resistance around $4,522 to $4,646.

As resistance decreases, Ethereum’s path to $5,000 looks increasingly clear.

Ethereum’s momentum has been building for several weeks amid a broader rise in cryptocurrency markets, which has led many cryptocurrencies to reach new highs. The price of Ethereum has risen 53% in the past 30 days alone, and investors are wondering how high it can continue and whether it will follow Bitcoin’s footsteps and hit an all-time high.

In X’s social media post, Martinez noted that a $5,000 price range is in the books “as resistance wears thin.” However, the main hurdle is $4,522-$4,646, with 600,000 addresses holding 1.63 million ETH. Despite these resistance hurdles, Martinez believes a $5,000 price point is inevitable, noting that the only question remaining is when it will happen.

#Ethereum As resistance thins, the path to $5,000 looks increasingly clear. What are the key obstacles? Supply zone $4,522-$4,646, 1.63 million addresses out of 600,000 addresses $ETH. It’s not a matter of if, it’s a matter of when! pic.twitter.com/LMvw3kjrEW

— Ali (@ali_charts) March 11, 2024

The analyst used IntoTheBlock’s “In/Out of the Money Around Prices” to make this prediction. metric system, Tracks the number of holders making money at the current price. Interestingly, this indicator shows that 7.64 million ETH, or 75.95% of the volume purchased between $3,428 and $4,646, is making money at current prices.

Ethereum has since undergone minor corrections and is trading at $4,058 at the time of writing. Reached highest level in two years $4,084. If the bullish momentum continues and ETH can close the week above $4,175, I was able to open the way A quick move to $4,500 and potentially setting a new one above the current all-time high of $4,891.

Current price action shows that Ethereum has created support around $3,950 while rising to $4,000. As long as this price level continues, the overall bullish trend will remain intact. However, a drop below $3,920 could lead to a bigger correction towards $3,800.

Due to increased blockchain activity in layer 2 networks Gas prices have risen to record highs. As a result, developers are preparing for: Roll on Dencun. The upgrade is expected to usher in a new era of cheaper fees. The Dencun upgrade is the first change to the Ethereum blockchain code in over a year.

ETH price trending above $4,000 | Source ETHUSD on Tradingview.com

Featured image from CNBC, chart from Tradingview.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Enterprise Ethereum Alliance accelerates strategic vision with new leadership and board promises -Enterprise Ethereum Alliance

June 5, 2025

Checkpoint #3: June 2025 Stats Ether Leeum Foundation Blog

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

Is the trump Fuel Fuel Dogecoin in ELON Musk less than $ 0.10?

June 6, 2025

The HBAR price aims for $ 0.40 when a big decision of the SEC comes.

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Start BTC, DOGE and ETH mining today!

June 6, 2025

AI increases artistry as an innovative creation at NVIDIA GTC Paris.

June 6, 2025

JPMORGAN accepts Bitcoin ETF with loan collateral: How investors can benefit

June 6, 2025

NVIDIA’s BLACKWELL Architecture MLPERF has set up new performance standards.

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

Bitfinex updates version 1.116 improved platforms

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Is the trump Fuel Fuel Dogecoin in ELON Musk less than $ 0.10?

June 6, 2025

The HBAR price aims for $ 0.40 when a big decision of the SEC comes.

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025
Most Popular

Bitcoin could fall below $38,000, analysts say.

December 11, 2023

Free Online Casino Games – Ethereum World News

March 7, 2024

Canaan Inc. secures $30 million in Series A-1 financing

November 26, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.