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Details: ht
Ethereum (ETH) has recently drawn significant attention in the market. As of September 27, the price of ETH is hovering around $3,989, with a daily rise of 1.36%. In the short term, the price may find support around $3,983, but if buying power is insufficient, a pullback to $3,950 cannot be ruled out.
From a longer time frame perspective, the market shows a neutral stance. Recently, trading volume has decreased, and both bulls and bears seem to lack strong momentum. It is expected that by the end of this month, the ETH price may fluctuate within the range of $3,900 to $4,100. Notably, the $4,107 level on the weekly chart is an important mirror point. If the closing performance is poor, ETH may face the risk of a pullback to the $3,600-$3,800 range.
Market analysts have differing opinions on whether Ethereum can break through the $4,000 barrier by the end of the month. Some analysts adopt a relatively conservative stance, predicting that ETH will struggle to surpass $4,000; while others hold an optimistic view, even forecasting that the price may reach above $4,900.
Overall, the probability of ETH breaking through $4,000 by the end of the month seems to be about equal. It is worth noting that the current RSI indicator shows that ETH may be in the oversold zone, which could present a certain rebound opportunity for the price.
When making decisions, investors should consider various factors comprehensively, closely follow market trends, and always keep in mind the high-risk nature of the cryptocurrency market.