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Ethereum Eyes Major Resistance Levels: What Analyst's Target Price Reveals
Ethereum (ETH) is currently trading at $2.93K, but according to technical analysis from Deep Tide TechFlow, the cryptocurrency could be positioning for a significant rally. Analyst Ali has identified two key price targets that traders should monitor: $5,210 and $6,946.
The analyst reached these target price levels through comprehensive price range analysis conducted on August 12. These resistance points suggest potential upside movements for ETH, with each milestone representing different phases of a potential bull run.
For traders and investors tracking Ethereum’s trajectory, these identified target price zones offer critical reference points for portfolio management. The gap between the current price and the projected targets indicates substantial upside potential, making this analysis particularly relevant for those positioned in the market.