Chances of ETH Price To Hit $5000 With A GOD Candle
Current Price: Ethereum trading at $3,447 with minimal growth of 0.26%.
50D EMA Resistance: ETH price fails to surpass the 50-day Exponential Moving Average.
Price Rejection: After a top at $3,518, the price reverts to $3,420.
ETF Listing Delay: Delay in Ethereum ETF listing creates market anxiety and underlying weakness.
Higher Price Rejection: Recent price action shows a long-wick candle, indicating potential reversal.
Accumulation Phase: ETH struggles to break past the accumulation phase.
Consolidation Breakdown: Prices may revert to the ascending support trendline.
Bullish Indicators: Positive crossover in MACD and rising 200D EMA support an uptrend theory.
God Candle Anticipation: Market expects a significant price surge (God candle) with ETF listing.
SEC Delay: SEC requests another round of submissions for ETF listing, causing uncertainty.
All-Time High Potential: Possible target of $5,000+ levels if God candle materializes.
Fibonacci Target: 1.272 Fibonacci level at $5,581 indicates a 60% rise from the current price.
50D EMA Resistance: ETH price fails to surpass the 50-day Exponential Moving Average.
Price Rejection: After a top at $3,518, the price reverts to $3,420.
ETF Listing Delay: Delay in Ethereum ETF listing creates market anxiety and underlying weakness.
Higher Price Rejection: Recent price action shows a long-wick candle, indicating potential reversal.
Accumulation Phase: ETH struggles to break past the accumulation phase.
Consolidation Breakdown: Prices may revert to the ascending support trendline.
Bullish Indicators: Positive crossover in MACD and rising 200D EMA support an uptrend theory.
God Candle Anticipation: Market expects a significant price surge (God candle) with ETF listing.
SEC Delay: SEC requests another round of submissions for ETF listing, causing uncertainty.
All-Time High Potential: Possible target of $5,000+ levels if God candle materializes.
Fibonacci Target: 1.272 Fibonacci level at $5,581 indicates a 60% rise from the current price.
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