Will Ethereum Finally Hit $4,000 Again? 🤔

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Will Ethereum Finally Hit $4,000 Again? 🤔

Will Ethereum Finally Hit $4,000 Again? 🤔

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According to Astronomer’s chart, ETH‘s currently tradin’ in a long-term macro price range between $1,700 and $4,500. Now, I know that’s a mighty big range, but if ETH can reclaim the $2,100 level, Astronomer’s predictin’ a rapid move toward $4,000 in a few months. That’s some fast talk, if you ask me!

Now, I ain’t one to put all my eggs in one basket, but Astronomer’s got some good reasons for his bullishness. For one, Bitcoin’s already set its weekly low, and ETH’s price movements might just start alignin’ with the pioneer cryptocurrency’s recovery. And with the next Federal Reserve monetary policy comin’ up in mid-April, the market might just see some renewed bullish momentum that’ll give ETH a leg up.

Another thing that’s got Astronomer excited is ETH’s performance in March 2024. At the time, the altcoin swept a previous price high but didn’t sustain a breakout, leadin’ to a prolonged correction. But Astronomer’s thinkin’ that this price trend insists on revisiting $4,000, particularly after ETH hits a range low. And if that happens, well, shucks, folks! It’s gonna be a wild ride!

ETH’s Market Sentiment’s Hit Rock Bottom 🤯

Now, I know some folks might be thinkin’, “Mark, what about all the bearish sentiment surroundin’ ETH?” Well, Astronomer’s got some news for ya: Ethereum’s market sentiment’s hit rock bottom, and that’s often a sign of a major price rebound on the horizon. According to Astronomer, ETH’s current sentiment score is a measly 14, which is just about as low as it gets. And when ETH hit similar low levels in late 2017 and 2021, well, let’s just say it was a real barn burner of a rally!

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2025-03-29 01:43