3 reasons why Ethereum price can reach $3K in Q2
Ethereum on-chain and technical indicators show a long-term bullish argument for ETH price in the near to medium terms. Ethereum's native token, Ether (ETH), eyes a run-up toward $3,000 in Q2 2023 after wrapping the previous quarter with 55% gains. ETH price nears potential breakout The price of Ether has more that doubled after bottoming out in June 2022 at around $880, weathering a slew of negative events, including the FTX exchange collapse, interest rate increases, and stricter U.S. regulations. In doing so, ETH/USD has painted an ascending triangle, confirmed by its rising trendline support and horizontal level resistance. The pattern suggests aggressive buying as lows get steadily higher while highs stay around the same level, indicative of a higher selling pressure at the given level. As of April 2, ETH's price is testing its horizontal level resistance range ($1,700-1,820) for a potential breakout move. ETH/USD three-day price chart featuring 'ascending triangle...