Ethereum (ETH) has recently performed strongly, continuing to maintain an upward channel on the 12-hour chart. After a strong rebound, ETH is currently in a correction phase and is forming a new accumulation pattern.


Analysis shows that the $3850-$3900 range has become a key support level and a potential buying opportunity. As long as the bulls can hold this important support, the overall structure of ETH will remain bullish.
If the current trend continues, we have reason to believe that ETH is expected to challenge the $6000 mark in the coming weeks. Achieving this target price will open up new price exploration space for ETH.
However, investors should remain cautious and closely monitor market trends and potential risks. The cryptocurrency market is highly volatile, and price movements can be influenced by various factors. When making investment decisions, it is advisable to conduct a comprehensive analysis and approach market changes rationally.
ETH-1.1%
IN6.94%
HOLD2.39%
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