🚀 Ethereum Price Prediction: Trader Sees ETH Surging to $12,000 – Here’s the Catalyst

Ethereum isn't just climbing—it's preparing for a moonshot. One trader's bold $12K target has the crypto crowd buzzing, and the charts back it up.

The Setup: Why This Isn't Just Hopium

ETH's recent breakout past resistance levels mirrors historic pre-bull run patterns. Liquidity pools are flashing green, and institutional wallets are loading up—classic signs of a big move brewing.

The $12K Thesis: More Than a Round Number

Fibonacci extensions point to $12K as the next logical stop if ETH holds above $4K. With staking yields attracting TradFi refugees (who still can't spell 'gas fee'), the demand shock could send prices parabolic.

Risks? Always.

Regulatory grenades or a Bitcoin dump could derail the rally. But for now, smart money's betting Ethereum leaves 'overpriced tech stocks' in the dust—again.

Ethereum Price Prediction: ETH Seems Headed to Retest Its Local Highs of $2,900

Looking at the 4-hour chart, ethereum has reclaimed a key area above the $2,400 mark and has now moved back to its consolidation rectangle after last weekend’s strong correction.

This move was accompanied by a ‘golden cross’ between the 9-period and 21-period exponential moving average (EMA) that favors a bullish short-term ethereum price prediction.

The price has rejected a move toward the 200-period EMA for now but momentum indicators are still favoring a bullish outlook as the Relative Strength Index (RSI) has climbed above its 14-period moving average.

Moving forward, if negative momentum has fully faded, the price could retest the highs seen in early June when it climbed near $2,900. The key resistance levels to watch at this point WOULD be $2,560 and $2,680. A move above these areas would increase the odds of a bullish push to that local high.

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