Ethereum (ETH) has decisively broken above a resistance level, the 50-day Exponential Moving Average (EMA50), igniting renewed bullish momentum across the market. This breakout marks a significant shift in market trend, opening the door for a potential rally toward higher targets around the $4,000 level.
Ethereum Targets $4,000 After EMA50 Breakout
The Ethereum price has delivered an explosive rally after its recent breakout above the EMA50 barrier. Given this development, crypto analyst Doctor Profit has forecasted on the X social media that ETH is gearing up for a massive surge toward $4,000.
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Sharing a detailed chart analysis, Doctor Profit disclosed that Ethereum was finally able to close above the key moving average after weeks of resistance and failed attempts to flip it into support—a struggle
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