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The Only Thing Holding ETH Back đ Ethereumâs $4K Move Starts Here đ
The biggest obstacle preventing Ethereum (ETH) from breaking out is this 50-week EMA level. In the past, after ETH broke above the 50-week EMA, the price saw gains ranging from approximately 25% to 135%. If we take the average of all these moves, we can say that a breakout above this level typically results in an average increase of around 58%. This would put ETH right at the $4,000 price level.