Can Ethereum Price Hit $4,000? Key Indicators Reveal Strong Growth
Ethereum price is set for downturn if it closes below $3,000
🚨 Attention Crypto Enthusiasts!
Ethereum's on shaky ground, dropping over 7.8% since November 12. Could this be a make-or-break moment for ETH? Let’s dive into the key levels traders are watching!
Ethereum Price News Latest
Ethereum price today is at $ 3,116.09 with 24 hours volume of $28,224,989,158
Ethereum faced strong resistance at $3,454 on November 12.
By Wednesday, ETH traded around $3,100, nearing the critical $3,000 support.
A breakdown below $3,000 could push the price to the 200-day EMA, which currently sits at $2,806.
Key Indicators Signal Caution
The RSI (Relative Strength Index) on the daily chart stands at 58, declining after exiting the overbought zone of 70.
If the RSI falls below the neutral level of 50, Ethereum price could experience further declines.
Upside Potential: Can Ethereum Hit $4000?
If Ethereum price breaks above the $3,454 resistance, it could spark a rally toward the $4,000 mark—a key psychological milestone for traders and investors
The ETH all-time high of $4,878 remains a distant target, but bullish momentum could resume with favorable market conditions.
Strong Network Fundamentals
Despite the subdued Ethereum price today, its network metrics are impressive:
Daily active addresses surged from 377,065 to 487,941 between October and November.
Daily transactions increased to 1.29 million from 962,160 during the same period.
Total Value Locked (TVL) in Ethereum's ecosystem rose by 25% since early November, reflecting strong confidence in its DeFi protocols.
Ethereum leads in DApp activity, processing $149.9 billion in monthly on-chain volume, significantly outperforming competitors like BNB Chain, which managed $26.6 billion.
Traders' Outlook on Ethereum
Watch the $3,000 support and $3,200 resistance for short-term trends.
Long-term direction depends on institutional flows and derivatives market activity.
The ETH price prediction hinges on whether it can hold the $3,000 support or break above $3,454. While Ethereum news today highlights impressive network growth, the divergence between ecosystem strength and market valuation persists. Traders should stay cautious but watch for opportunities as Ethereum’s fundamentals remain robust.