After a period of consolidation, Ethereum has finally broken past the $3,000 resistance level as Bitcoin continues to reach new highs. This breakout has sparked optimism in the crypto market and many traders believe Ethereum is ready for further gains. The price of Ethereum has risen to $3,200, experiencing a 5.5% increase in the past 24 hours and a 31% jump over the week. With Bitcoin's success historically supporting Ethereum's price rallies, Ethereum is expected to challenge its previous all-time high of $4,700 in the coming weeks. Analysts have set $4,000 as the next major target for Ethereum, which seems achievable given the current market conditions and positive sentiment.



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