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- Ethereum Price Predictions: ETH targets $6000 after hitting its all-time high
Ethereum witnessed the liquidation of futures contracts worth $345.16 million in the past 24 hours, including $80.27 million and $264.89 million in long and short positions liquidated.

ETH has reached its all-time high for the first time since November 2021. This move comes after the leading altcoin bounced off the support level near $4100 earlier in the week.
A strong close above its all-time high of $4,868 could confirm Ethereum's upward trend, paving the way for a potential move towards $6,000. The target is determined by measuring the height of the flag and projecting it upward from a potential breakout point.

On the negative side, ETH needs to maintain the support level of $4100 to keep the bullish bias.

The Relative Strength Index (RSI) is approaching the overbought area, while the Moving Average Convergence Divergence (MACD) is about to cross its signal line. This indicates strong bullish momentum.

A daily candle close below 4100 dollars will invalidate this hypothesis and may send ETH towards support at 3472 dollars.
XRP-0.88%
ETH-2.37%
BTC-0.98%
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Discoveryvip
· 18h ago
Watching Closely 🔍
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Discoveryvip
· 18h ago
1000x Vibes 🤑
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