Ethereum Price Surges to $3600: Predicting $4000 Next Week
Ethereum has hit a major milestone by surpassing $3,600 for the first time since June, signaling a strong bullish trend. As of November 28, Ethereum (ETH) is trading at around $3,580, showing a 15% increase in just seven days.
This price surge is largely attributed to the anticipation of the upcoming altcoin season and Bitcoin’s impressive performance, as BTC nears the $100,000 mark.
Whale activity suggests continued accumulation of Ethereum, with more addresses holding ETH in recent days. However, if ETH fails to maintain prices above $3,220, technical analysis indicates a potential drop to $3,033.
The key resistance level currently falls within the $3,800 – $3,900 range. A successful breakout above this range could pave the way for Ethereum to reach $4,000 and possibly set a new all-time high. But with increased liquidation risk in the market, sharp price movements could lead to significant volatility.
Investors and traders are advised to stay vigilant for any sudden changes, as leveraged short positions are at risk if ETH surpasses $3,700. With altcoins poised to take the spotlight, Ethereum’s positive momentum could continue.
However, the market remains unpredictable, and caution is recommended as Ethereum navigates through these volatile price levels.
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