<ul data-eligibleForWebStory="true"><li>Ethereum's price is testing the 50-week Exponential Moving Average (EMA), historically seen as a bullish launchpad.</li><li>Past breakouts above this average resulted in gains ranging from 25% to 135%, projected to increase ETH close to $4,000.</li><li>These historical rallies averaged about 58% rise after surpassing the 50-week EMA.</li><li>ETH's move above this level in the past correlated with bullish momentum, crypto strength, and investor confidence.</li><li>Currently around $2,589, Ethereum needs a confirmed breakout and sustained hold above the 50-week EMA to continue upward.</li><li>Traders anticipate a potential significant ETH price increase to $4,000 if it surpasses this technical threshold.</li><li>Technical analysis suggests a favorable risk-reward scenario for traders closely monitoring Ethereum's performance.</li></ul>

What Could be The Only Thing Holding ETH Back From $4,000 Breakout

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