A 97%leap in Ethereum .. Is 3,200 dollars the next goal?

Ethereum has witnessed a great recovery during the last period, increasing from $ 1,388 to $ 2,743 since April 7, equivalent to a jump of approximately 97% in more than a month, to restore this strong rise positive momentum to the digital currency market.

Towards a new historical summit?

Analyst CORE said that the currency has become very close to registering a new historical summit, as its current price is at the limits of $ 2,608 only needs an additional increase of 86.8% to reach its previous record.

Based on the last move, which recorded a greater rise in just 34 days, reaching this summit appears to be a matter of time, especially with the improvement of market morale and increasing confidence in the future of major currencies.

Critical resistance point

One of the important points that analysts currently highlight is the level of resistance at $ 2,640, and this level has been a barrier that is difficult to overcome in recent weeks, but if it is broken clearly and steadily, the next goal will be at 3,200 dollars, and this number is not only a psychological value but also corresponds to previous technical levels in the price movement, which enhances the possibility of reaching it if the upper momentum continues.

Many technical indicators began to tend to buy buyers, especially with the high trading volume, which may be a sign of the market’s willingness for a new start.

Technical indicators clarify the case of anticipation

According to the analyst GEMXBT, Etharium is currently going through a stage of price cohesion around the level of $ 2,600, and some technical indicators have shown early signs of a possible orientation movement, including the interference of the moving average for 5 days above an average of 10 days, which is a short -term upward signal.

Although these indicators have not yet showed a strong confirmation that buyers have completely controlled the market, the RSI index (RSI) is still in the neutral area, indicating that the price has not yet reached a stage of saturation in purchase or sale, and in return the MACD index shows a slightly upscale or with a strong momentum.

Technically, the level of $ 2,550 represents a support zone, while $ 2,650 stands as a resistance level that must be exceeded to confirm the continuation of the upward trend.