Ethereum price analysis: The ETH coin price breaks its all-time high and will rebound to $ 10,000

  • The price of Ethereum coins is currently seeing a strong upward trend in price that may soon lead to a new high of $ 10,000. A 7% increase was observed over the past 24 hours
  • The technical indicators of the ETH crypto price point to a future rally of $ 10,000. Meanwhile, the ETH / BTC pair has seen a gain of more than 3.84%

The ETH Coin price is currently experiencing a strong upward trend, which could soon drive the price to a new high. Ethereum is aiming for a rally for $ 10,000 and is currently hovering near $ 4,328. It has increased by more than 7% in the intraday time and by 8% in the weekly scenario. The uptrend in the Ethereum coin price could push it past the $ 10,000 mark. The hostile region for Ethereum during the ascent can be seen near $ 5000.

Meanwhile, ETH support can be found on a drop near $ 4,000. Asset price is currently trading above 50 and 100 DMA and can see a gold crossover soon.

One could forecast an Ethereum rally to see a new high in the future. The ETH / BTC pair can also watch a bull rally that could push it past previous resistance.

The Ethereum volume, along with the market capitalization, has seen a significant increase in the last few days. The ratio of volume to market capitalization at ETH indicates strong upward momentum in the future. You can invest in ETH according to your needs and risk appetite

The bulls in the ETH coin price are ready to push it to a new high

Source: trade view

The ETH weekly technical chart suggests a strong bull rally that may push him above the new high. A strong bullish trend can be forecast on the daily chart.

A strong bullish engulfing pattern forms which can act as a positive catalyst for price. When the Ethereum price rises above $ 5,000, a rally to $ 10,000 can be seen. The ETH / BTC pair can see a new high in the future as well

The ETH volume indicator is currently at 204K, which is up 20% from previous sessions. When the price of the coin rises above $ 5,000, a sharp increase in volume can be seen

diploma

The ETH Coin price is currently seeing a strong rally that may soon push the price to a new high. The ETH / BTC pair can also see strong upside momentum that can help it break past resistance

Technical levels:

Major support: $ 4000

Big resistance: $ 5000

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