Ethereum Reclaims Key Support At $1,574 – Here’s The Next Price Target

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Ethereum Reclaims Key Support At $1,574 – Here’s The Next Price Target - NewsBTC

Quick Summary:

At press time, Ethereum trades at $1,642 showing signs of resilience following its recent breakout. If the price rally persists, Martinez explains the altcoin is headed for a strong resistance zone between $1,791.11 and $1,838.86.This area contains 1.61 million ETH held by 3.2 million addresses at an average price of $1,810.

Related Reading: NEAR Poised For Surge To $2.40 As Bullish Pattern Forms Ethereum Market Overview Generally, IntoTheBlock’s data shows 56.7% of ETH addresses are currently "in the money,” representing 8.3 million ETH worth about $13.24 billion.In contrast, 41.99% (6.14 million ETH) of holders are "out of the money,” suggesting the market sentiment still largely remains cautious.

Related Reading: Ethereum Price Rebound: Breakout To $1,800 With These Two Supply Zones ETH Bulls Set Sights On $1,810 Resistance In an X post on April 12, Martinez shares an Ethereum price prediction using on-chain data from analytics company IntoTheBlock.