$ETH Price Prediction 05/04/2022
Ethereum / U.S. dollar BITSTAMP:ETHUSD
Nice hold at long-term trendline to create a bottom-recovery with breakout into the buffer.
A push to 3k is very possible however whether we can flip this zone is still up in the air.
This may depend on the gap between 3k and upper short-term resistance (black), and whether there’s enough volatility in the moment.
In other words I’d expect a breakout to occur soon (2-3 days) and if not there’s a chance we only see a 3k high.
Keep in mind that as time continues we move further away from the cycle test zone (purple) making recovery less possible until another long-term support is hit.
