Ethereum Price Analysis: Following 8% Daily Surge, Can ETH Target New ATH? - Aliens: AI Crypto News & Markets Updates
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Ethereum Price Analysis: Following 8% Daily Surge, Can ETH Target New ATH?

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CryptoPotato

Tue, Dec 07, 2021

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Aliens TLDR

Key Support levels: $4,000, $4,329 Key Resistance levels: $4,566, $4,868 (ATH) ETH made a successful re-test of the $4,000 support level yesterday and ever since then, the price has been increasing.

If this momentum is maintained, then ETH bulls can reclaim the psychological level at $4,500.

Moreover, on the ETH/BTC chart, the rally continues and yesterday ETH made a new high at 0.087 BTC.

As soon as ETH bounced off the $4,000 support, the bulls came in force and quickly pushed price to $4,200.

This showed that ETH is well-defended at this key support level.

Disclaimer: Information found on CryptoPotato is those of writers quoted.

Use provided information at your own risk.

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