Title – Ethereum Price Prediction: The long game could see ETH climb 30%

• Ethereum price has defended its range low of $884.51 since early 2021 while the $4,485.32 peak capped the upside.
• If ETH manages to close above $3,602.43, it could catalyze a continuation to the January 2021 peak.
• A break and close below the midrange of the channel at $2,684.92 would invalidate the bullish thesis.

With a price that has broken over the middle of the market range between the January low of $884.51 and the

November 2021 high of $4,485.32, Ethereum (ETH) is trading with a positive bias.

Ethereum price could retake the November 2021 highs if bulls play the long game

Following a positive surge above the psychological $2,000 mark in November 2023, the price of Ethereum (ETH) is now above the 50% Fibonacci retracement level at $2,684.92.The price of ETH may continue to rise and break through the $3,602.43 barrier before moving higher to the $4,485.32 local peak. Further gains would be possible if the weekly candlestick close remained above $3,602.43.The biggest altcoin by market capitalization might recover the $4,868.00 range high in a very optimistic scenario. This would represent a 30% increase over the present levels.

As evidenced by the numerous green Awesome Oscillator (AO) histogram bars in positive territory,

bulls are still strong in the ETH market. This may be advantageous for the upside even though Ether is severely overbought.

In contrast, the Ethereum price may retest the $2,684.92 market range midpoint if the $3,602.43 level

persists as resistance in the weekly period. A break and close below this level would refute the bullish argument.