Ethereum has reached its highest levels since June, hitting a local high of $3,688. This has generated excitement among investors and analysts, with many anticipating further surges. Ethereum is now aiming to break above its yearly highs, which could lead to a more aggressive rally. Analyst Carl Runefelt highlights the significance of Ethereum's current resistance and suggests that breaking above it could propel the price to $3,900 and potentially beyond $4,000. The coming days will be crucial for Ethereum as traders monitor its ability to maintain upward momentum. Holding above $3,600 would indicate a strong bullish trend, while a failure could result in a short-term correction. Ethereum's performance is closely watched as it is considered a key driver in the altcoin market and could have an impact on the broader crypto landscape.



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