ETH Ethereum Price Target

If you haven't sold at the peak of ETH or entered during the buying opportunity:

Now I believe Ethereum is likely to consolidate within the range defined by its 200-day and 50-day moving averages in the coming period. This consolidation phase suggests that Ethereum's price action will oscillate between these key technical levels, potentially indicating a period of indecision or equilibrium in the market.

Looking ahead, my expectation is for Ethereum to experience a retracement towards the 3150 level. This retracement could serve as a healthy correction following recent price movements. Subsequently, I anticipate Ethereum to gather momentum and embark on a potential upward movement towards the 3800 mark.

This outlook reflects a cautious yet optimistic stance on Ethereum's price trajectory, taking into account both technical analysis and broader market dynamics.