ETH - Ethereum's Path To $5K Looks Increasingly Clear Says Analyst: 'It's Not A Matter Of If But When' | Benzinga
Crypto analyst, Ali Martinez, predicts a clear path for Ethereum (CRYPTO: ETH) to reach $5,000, with the main obstacle being a supply zone between two key levels.
What Happened: On Sunday, Martinez posted on X, formerly Twitter, about Ethereum’s potential rise, stating, “#Ethereum path to $5,000 looks increasingly clear, as resistance thins. The key hurdle? A supply zone at $4,522-$4,646, where 600,000 addresses hold 1.63 million . It’s not a matter of if, but when!”
#Ethereum path to $5,000 looks increasingly clear, as resistance thins. The key hurdle? A supply zone at $4,522-$4,646, where 600,000 addresses hold 1.63 million . It's not a matter of if, but when! pic.twitter.com/LMvw3kjrEW — Ali (@ali_charts) March 11, 2024
This week, Ethereum has shot up nearly 10% and is currently trading above the psychologically important $4,000 mark. The all-time high by the ...