Ethereum Price Targets $4,000!!!
As of the date of writing, the price of #Ethereum(ETH) is trading at $ 3,387, with an increase of 0.2% in the last 24 hours.
A 20% Explosion in Ethereum Price Could Occur Before the End of June.
The $ETH price movement is interesting as a falling wedge has formed inside the massive ascending triangle. In fact, a falling wedge has formed last month and the space for price action wedge movement is narrowing. Falling wedges are generally bullish market structures because they are more likely to break upward.
Ethereum price movement is below the 50-day level but above the 200-day simple moving average (SMA), indicating a tug of war between bears and bulls.
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If Ethereum price breaks above the falling wedge, it could trigger a 20% move that would push the asset back above $4,000. Ethereum, on the other hand, has strong support around $3,000 to keep the price high.
