Analyst Says Resistance Was Overcome in Ethereum: Signaled $5,000!

Experienced cryptocurrency analyst pointed to the $5,000 level for Ethereum (ETH).

The cryptocurrency analyst Jelle, who stood out with successful predictions in recent days, made a price forecast for Ethereum. The analyst, who stated that Ethereum made a healthy correction to the $3,300 level following the declines last week, indicated that the next target will be the all-time high level.

Indicating that there is very little resistance on the way to the top and implying that these can be easily overcome, the analyst noted that the first valid target could be $5,000 and above.

The analyst, who stated that he did not consider selling Ethereum until reaching the target of $5,000, said the following in the details of his statement:

It seems that Ethereum has successfully completed its $3,300 correction. There is very little resistance ahead of the all-time new high levels. I will hold my bags much higher. Bring on $5,000 and above.

According to CoinGecko data, Ethereum, which has lost 1.3% in the last 24 hours, is trading at $3,541 at the time of writing.