3 stimuli can pay the price ETHEREUM to $ 5,000

The price of Ethereum Price was weak in Bitcoin and other famous coins such as Ripple and Solana this year.

ethereum (EthIt was circulated at $ 3400, a decrease of approximately 20 % from its highest level in December last year. This decline coincided with Disagreements surrounding Ethereum Distinctive symbol sales.

ETH has also decreased as the height of the centers continued in the stock exchanges, while the famous selling percentage of Binance remained declining. However, Ethereum has many stimuli that you may pay to $ 5,000.

Ethereum pectra upgrade

The first main catalyst for ETHEREUM price is the next Petra upgradeWhich is expected to happen in March. This will be one of the largest promotions in the history of Ethereum, as it offers many basic features.

The first feature will bring features such as collecting transactions and sponsoring gas. It will also provide the maximum effective balance, which means that Stokeing will be added to the auditor regardless of their size.

In addition, the Pectra upgrade will increase the productivity of the point, adjust the costs of CALLDATA, and enable the implementation layer exits. Historically, cryptocurrencies often see an increase in prices before the main updates.

The open interest of ETH rises

Meanwhile, Ethereum’s open interest in the futures market has increased, indicating a possible increase in prices in the coming weeks. The graph below shows a difference between the price of ETHEREUM and its open separation. While Ether decreased nearly 20 % of its highest levels in November, open attention continued to climb.

Ethereum price has strong technologies

The daily chart shows that the ETHEREUM price has strong technical indicators, which may push it much higher in the long run. ETH has formed a stereotype, falling outlook, consisting of two descending lines and converging, is widely considered a bullish sign.

Ethereum also formed a reverse pattern of the head and shoulder, with the neckline at $ 4,082. The left and right shoulders are about 3000 dollars. This style is preceded by great prices.

Moreover, the recent decline corresponds to the fourth stage of the Elliott wave style. This stage is usually followed by the fifth -wave.

As a result, ETHEREUM is likely to face a bullish outbreak, with the first key to watching $ 4,082. A break above this level may lead to more gains, which may test the main resistance at $ 4,800, which is its highest level ever. Beyond that, ETH can rise about $ 5,000.