Member-only story
Ethereum Price Prediction — $4,800 Target. Avoiding a drop to less than $4,500 is critical.
Following a bumpy start to the day, Ethereum is on the move in the late morning. A break through to $4,650 would allow the bulls to eye $4,800.
The Morning Session
Ethereum was up 3.68 percent to $4,613 at the time of writing.
After a choppy start, Ethereum fell to a mid-morning low of $4,351 before making a move. Ethereum soared to a late morning high of $4,642 after avoiding the first major support barrier at $4,065.
Ethereum broke past the first major barrier level at $4,516 and the second big resistance level at $4,583 in the late morning surge.
For the Afternoon Ahead
To put the third key resistance level at $4,767 into play, Ethereum would need to prevent a slide back to sub-$4,500 levels.
However, Ethereum would need a lot of support to break out from its morning high of $4,642.
In the absence of a sustained crypto surge into the afternoon, resistance at $4,650 would likely keep Ethereum short of the third key barrier level.
If there is a broad-based crypto bounce and surge into the afternoon, Ethereum might test resistance at the ATH $4,868.
