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Ethereum Gains Momentum Above $2,800 as Market Eyes $4,000 Level

  • Ethereum surged past $2,800 with a 7.3% increase in 24 hours and 8.7% over seven days, pushing market cap to $340.59 billion.
  • Analysts are optimistic as Ethereum approaches technical indicators, with $4,000 seen as the primary resistance level.
  • Chart analysis points to Ethereum potentially reaching $4,000, with key support levels at $2,440 to $2,460 and major resistance at $3,000 to $3,500.
  • Traders are advised to monitor volume trends closely, with a focus on surpassing the 50-week moving average to sustain upward momentum towards $4,000.

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