welcome
CoinGape

CoinGape

Business

Business & Economics

Ethereum Price Eyes Rally To $4,800 After Breaking Key Resistance

CoinGape
Summary
Nutrition label

63% Informative

Cryptocurrency analyst Javon Marks is predicting an extended rally for ETH price in the coming weeks on the backs of solid technicals.

Marks notes that the previous breakout triggered an extended bullish run for ETH but previous declines leave ETH outside the descending trendline.

Marks says if ETH continues to trade above the trendline, a price target of $ 4,800 is within grasp.

Bankless cofounder David Hoffman revealed a strategy to improve ETH price performance.

VR Score

43

Informative language

31

Neutral language

28

Article tone

formal

Language

English

Language complexity

44

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links