Technical analysis by BandForBands about Symbol ETH: Buy recommendation (12/11/2024)

n the short term, Ethereum is eyeing a move toward the $5,800 level, with a mid-term target around $7,200. For ETH to rally toward a 30K valuation, a significant catalyst—such as drastically reduced transaction fees—will be essential to drive that kind of growth. I also anticipate that liquidity from other tokens like ARB and OP will begin rotating into ETH, further fueling its momentum