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Over the past week, ETH attempted to reclaim the $3,200 resistance as support but failed twice to achieve it. Today, the cryptocurrency’s jump has propelled its price past the key resistance An analysis conducted by AMBCrypto revealed that Ethereum surged past the $4,000 mark, registering a remarkable increase of over 3.8% at the time of writing. ETH As of Janu, Ethereum (ETH) trades at $3,300, marking a 0.50% surge in the past 24 hours. Despite the stagnation, the outlook remains bullish due to a few technical signals Ethereum has seen recent technical patterns that indicate the potential for its current upward price movement to continue towards the 78.6% Fibonacci retracement level Analysts are closely monitoring whether ETH can solidify $3,200 as a support level. If successful, Ethereum could target $3,500 and eventually $3,700, marking a

Ethereum Breaches $3200: Can ETH Hit $4000 Next?

Ethereum (ETH) is making waves again! The burning question on every crypto investor's mind: can ETH reach $4000 after recently breaking past $3200? As of January, Ethereum (ETH) trades at $3,300, marking a 0.50% surge in the past 24 hours. The market is buzzing with speculation and cautious optimism. Let's dive into the key factors influencing ETH's potential price trajectory.

ETH Attempts to Conquer $3200 Resistance

Over the past week, ETH attempted to reclaim the $3,200 resistance as support but failed twice to achieve it. Today, the cryptocurrency’s jump has propelled its price past the key resistance, signaling renewed momentum. Analysts are closely monitoring whether ETH can solidify $3,200 as a support level. If successful, Ethereum could target $3,500 and eventually $3,700, marking a significant step towards the coveted $4000 mark.

Technical Indicators Point Towards Further Gains

Ethereum has seen recent technical patterns that indicate the potential for its current upward price movement to continue towards the 78.6% Fibonacci retracement level. Despite the stagnation, the outlook remains bullish due to a few technical signals. This positive technical outlook is fueling speculation about ETH's potential to reach higher targets.

Ethereum to $4000? AMBCrypto's Analysis

An analysis conducted by AMBCrypto revealed that Ethereum surged past the $4,000 mark, registering a remarkable increase of over 3.8% at the time of writing. While this spike might be short-lived, it highlights the inherent potential for ETH to revisit and potentially surpass this psychological barrier. The road to $4000 won't be without its challenges, but the recent bullish signals and positive market sentiment suggest it's a target within reach.

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