Ethereum has confirmed a hidden bullish divergence, indicating a potential continuation of its upward trajectory beyond $4,954. Technical indicators and price structures show higher lows, supporting momentum towards the $8,000 mark. A breakout from a symmetrical triangle pattern and strong support around $3,000 further bolster Ethereum's long-term bullish outlook. Analysts suggest that surpassing the $4,954.16 resistance could pave the way for Ethereum to reach the $8,000 target.
Ethereum Eyes $8,000 as Bullish Divergence Signals Uptrend
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
