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Ethereum Price Prediction — $5,000 It is still in play. Avoiding sub-$4,600 Key
Bulls are still aiming towards $5,000 levels. With plenty of resistance at $4,800, avoiding levels below $4,600 will be critical to supporting an afternoon breakout…
The Morning Session
Ethereum was up 2.51% to $4,751 at the time of writing.
Ethereum had a shaky start to the day, falling to an early morning low of $4,606 before making a rise. Ethereum soared to a late morning high of $4,785, avoiding the first significant support barrier at $4,404.
However, after falling short of the first significant resistance level at $4,812, Ethereum retreated to sub-$4,700 levels before regaining support.
For the Afternoon Ahead
To put the third key resistance level at $4,812 back into play, Ethereum would need to avoid a fall through the pivot at $4,582.
However, a significant amount of support would be required for Ethereum to break through the morning high of $4,785 and recover to $4,850 levels.
Barring a prolonged crypto rise into the afternoon, the first significant resistance level and ATH of $4,868 would likely restrict the gains.
