{"id":634873,"date":"2024-08-12T20:00:07","date_gmt":"2024-08-12T20:00:07","guid":{"rendered":"https:\/\/ktsl888.com\/?p=634873"},"modified":"2024-08-12T10:12:23","modified_gmt":"2024-08-12T10:12:23","slug":"ethereum-4000-key-zones","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-4000-key-zones\/","title":{"rendered":"Ethereum Return To $4,000: Key Zones And Price Levels To Watch"},"content":{"rendered":"<p class=\"p2\"><a href=\"https:\/\/bitcoinist.com\/ethereum-bullish-pennant-reappears-on-lower-timeframe-heres-the-target\/\" rel=\"nofollow\">Ethereum has struggled greatly<\/a> underneath the bearish pressure that has been mounted on the crypto market over the last few weeks. The ETH price suffered multiple crashes that sent it toward $2,000 once more, shattering the expectations for a new all-time high in the third quarter. However, this decline may only be short-lived as one crypto analyst has suggested that the <a href=\"https:\/\/bitcoinist.com\/ethereum-buying-opportunity\/\" rel=\"nofollow\">Ethereum price could be getting ready for another rally<\/a> that could push it toward its previous highs.<\/p>\n<h2 class=\"p2\">Ethereum Looking Promising On 1-Week Chart<\/h2>\n<p class=\"p2\">Crypto analyst RLinda has <a href=\"https:\/\/www.tradingview.com\/chart\/ETHUSDT\/8O5LkBhF-ETHEREUM-A-train-can-become-a-rocket-Key-zone-2700-2800\/\" rel=\"nofollow\">posted<\/a> a promising analysis on the Ethereum price on the TradingView website.\u00a0<span style=\"margin: 0px;padding: 0px\">This analysis focuses on\u00a0<a href=\"https:\/\/ktsl888.com\/news\/bitcoin-penetrating-mainstream-macro-capital-markets-what-about-ethereum\/\" target=\"_blank\" rel=\"noopener \">the ETH price<\/a> on the one-week chart, which has maintained bullishness despite the crash.<\/span> This follows the continuous accumulation from the low $2,000s level as the price recovers.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bitcoin-exchange-outflows-soar-to-yearly-high-could-this-fuel-a-return-to-70000\/\">Bitcoin Exchange Outflows Soar To Yearly High \u2013 Could This Fuel A Return To $70,000?<\/a><\/div>\n<p class=\"p2\">The crypto analyst highlights that Ethereum is seeing buyback from the market following the crash. This suggests bullishness among investors despite the price remaining low at this point. As for the chart, the analyst points out that \u201ca very promising technical situation is forming on W1.\u201d<\/p>\n<p class=\"p2\">RLinda proposes that there could be a number of promising conditions forming if <a href=\"https:\/\/bitcoinist.com\/ethereum-transaction-count-down-to-a-five-month-low\/\" rel=\"nofollow\">the ETH price<\/a> were to return to its global sideways range. In this case, the crypto analyst believes that Ethereum could be seeing a good cause to jump toward the $4,000-$4,800 range.<\/p>\n<p class=\"p2\">Amid all of this, the crypto analyst maintains that the background for Ethereum is still quite bullish. \u201cThe liquidation (strong downward movement) and the subsequent active buyback indicates that the market is free of unnecessary traders and the train can now move in the right direction, it remains to get to the key station before departure,\u201d RLinda stated.<\/p>\n<figure id=\"attachment_634876\" aria-describedby=\"caption-attachment-634876\" style=\"width: 686px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\" wp-image-634876\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-12-at-10.45.41.png?w=460&#038;resize=686%2C346\" alt=\"EthereumS\" width=\"686\" height=\"346\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-12-at-10.45.41.png?w=2410 2410w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-12-at-10.45.41.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-12-at-10.45.41.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-12-at-10.45.41.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-12-at-10.45.41.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-12-at-10.45.41.png?w=2048 2048w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-12-at-10.45.41.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-12-at-10.45.41.png?w=1140 1140w\" sizes=\"(max-width: 686px) 100vw, 686px\"><figcaption id=\"caption-attachment-634876\" class=\"wp-caption-text\">Source: TradingView.com<\/figcaption><\/figure>\n<h2 class=\"p2\">Key Levels To Watch<\/h2>\n<p class=\"p2\">The <a href=\"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-open-interest-drops-40-in-august-whats-happening\/\">Ethereum price being bullish<\/a> is positive for the cryptocurrency. However, there are still various important levels to watch that serve as important levels for the cryptocurrency to achieve this goal. This includes both support and resistance levels along the way.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/celsius-takes-legal-action-against-tether-for-2-4-bitcoin-collateral-controversy\/\">Celsius Takes Legal Action Against Tether In $2.4 Bitcoin Collateral Controversy<\/a><\/div>\n<p class=\"p2\">In this case, RLinda places significant attention not he $2,717-$2,817 resistance area. Mainly, these areas serve as the most important resistance levels in this drive upward. According to the analyst, beating this resistance and forming support will provide <a href=\"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-solana-clear-winner\/\">the ETH price a promising liquidity target<\/a> above $4,000. A full rundown of the resistance levels is $2,717 and $2,817, while the major support levels from here include $2,518, $2,425, and $2,400.<\/p>\n<p class=\"p2\">RLinda believes that the whales\u2019 <a href=\"https:\/\/bitcoinist.com\/ethereum-eyeing-3000-big-supply-problem\/\" rel=\"nofollow\">Ethereum buyback shows that major players are still bullish<\/a>. \u201cAfter Friday&#8217;s test and pullback, the price is back to the level, which increases the chances of a breakout,\u201d the crypto analyst said in closing.<\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/oJeKfEjy\/\" alt=\"Ethereum price chart from Tradingview.com\" width=\"3286\" height=\"1518\"><figcaption class=\"wp-caption-text\">ETH price barrels toward $2,600 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">ETHUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum has struggled greatly underneath the bearish pressure that has been mounted on the crypto market over the last few weeks. The ETH price suffered multiple crashes that sent it toward $2,000 once more, shattering the expectations for a new all-time high in the third quarter. However, this decline may only be short-lived as one crypto analyst has suggested that the Ethereum price could be getting ready for another rally that could push it toward its previous highs. Ethereum Looking Promising On 1-Week Chart Crypto analyst RLinda has posted a promising analysis on the Ethereum price on the TradingView website.\u00a0This analysis focuses on\u00a0the ETH price on the one-week chart, which has maintained bullishness despite the crash. This follows the continuous accumulation from the low $2,000s level as the price recovers. Related Reading: Bitcoin Exchange Outflows Soar To Yearly High \u2013 Could This Fuel A Return To $70,000? The crypto analyst highlights that Ethereum is seeing buyback from the market following the crash. This suggests bullishness among investors despite the price remaining low at this point. As for the chart, the analyst points out that \u201ca very promising technical situation is forming on W1.\u201d RLinda proposes that there could be a number of promising conditions forming if the ETH price were to return to its global sideways range. In this case, the crypto analyst believes that Ethereum could be seeing a good cause to jump toward the $4,000-$4,800 range. Amid all of this, the crypto analyst maintains that the background for Ethereum is still quite bullish. \u201cThe liquidation (strong downward movement) and the subsequent active buyback indicates that the market is free of unnecessary traders and the train can now move in the right direction, it remains to get to the key station before departure,\u201d RLinda stated. Key Levels To Watch The Ethereum price being bullish is positive for the cryptocurrency. However, there are still various important levels to watch that serve as important levels for the cryptocurrency to achieve this goal. This includes both support and resistance levels along the way. Related Reading: Celsius Takes Legal Action Against Tether In $2.4 Bitcoin Collateral Controversy In this case, RLinda places significant attention not he $2,717-$2,817 resistance area. Mainly, these areas serve as the most important resistance levels in this drive upward. According to the analyst, beating this resistance and forming support will provide the ETH price a promising liquidity target above $4,000. A full rundown of the resistance levels is $2,717 and $2,817, while the major support levels from here include $2,518, $2,425, and $2,400. RLinda believes that the whales\u2019 Ethereum buyback shows that major players are still bullish. \u201cAfter Friday&#8217;s test and pullback, the price is back to the level, which increases the chances of a breakout,\u201d the crypto analyst said in closing. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":634879,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[167,26263,14690,8323,92880,16163,1946,7931,6931,8686,78803],"class_list":["post-634873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-analyst","tag-crypto-analyst","tag-crypto-news","tag-eth","tag-eth-newscrypto","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>Ethereum Return To $4,000: Key Zones And Price Levels To Watch<\/title>\n<meta name=\"description\" content=\"Ethereum has struggled greatly underneath the bearish pressure that has been mounted on the crypto market over the last few weeks.\" 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