#ETH Hits 4800# #ETH#


Ethereum (ETH) is breaking through critical resistance levels, with all eyes on the $4,800 level. On the daily chart, the 50- and 200-day moving averages have crossed upwards, a strong bullish signal. The MACD is moving in positive territory, and the increase in volume is also noteworthy. Furthermore, the ETH/BTC pair is strengthening in favor of ETH, indicating investors are turning to ETH.
On the fundamental front, rumors of an Ethereum ETF and the growth of the Layer 2 ecosystem are adding positive momentum to ETH. $4,800 is a technically achievable target, but considering volatility, it's advisable to use a stop-loss. $4,400 could be on the horizon in the short term, and $4,800 in the long term. While my long-term expectation is not investment advice, it's much higher.
Consequently, if this momentum is maintained, $4,800 seems quite possible as a psychological target. However, it's important to remember: The crypto market is volatile. It's essential to consider the risks before investing. ETH could reach $4800, but it seems patient and strategic investors will be the way to go.
ETH3.36%
STRONG2.62%
BTC0.87%
NOT5.72%
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Share
Comment
0/400
Mansas19vip
· 07-22 19:21
2025 GOGOGO 👊
Reply0
Sakura_3434vip
· 07-19 16:34
2025 GOGOGO 👊
Reply0
Discoveryvip
· 07-19 08:01
Watching Closely 🔍
Reply0
Ybaservip
· 07-19 00:42
Thanks good news for market
Reply0
Cryptocimbomvip
· 07-18 23:58
thank you my brother
Reply0
Yamahabluevip
· 07-18 22:20
Thank you sir 🙋 for information
About time this week or later?
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)