RLinda: there are all conditions for Ethereum to reach $ 4,000

Cryptocurrency market experts note: Ethereum ETH $2,665.04 Bridged Ether (StarkGate) -0.46% Market capitalization $0.2 billion VOL. 24 hours $0.41 billion is showing signs of recovery after a recent drop that brought the price below $ 2,000. Analysts note that the bulls have taken the initiative again, pushing the price of ETH to $ 2,500. If this trend continues, Ethereum could reach a new important resistance level between $ 2,717 and $ 2,817.

According to RLinda, a trading expert, breaking through this level could open the way to growth to $ 4,000. Although the chart is still sluggish, there is still a possibility of further growth if key resistance levels are broken.

Long-term support for ETH remains at $ 2,156, which coincides with the 200-week moving average. This could provide a basis for further growth, especially if the market can gain a foothold above these resistance levels.

According to the CoinMarketCap analytical tracker, at the time of writing, the leading altcoin is losing 3.4% per day and is trading at $ 2,590. The total number of coins circulating on the market is $ 311 billion. Traders made daily trading deals worth $ 15.6 billion. Ethereum’s market share has reached 15%.