Ethereum has broken out above the $3,500 resistance level and is aiming to reach $4,000. The sustainability of this momentum is closely watched as it could indicate the start of altcoin season in 2025. Ethereum is currently trading at $3,569, with an 8% increase on the weekly chart. Analysts have mixed outlooks on Ethereum, with one setting a short-term target of $6,000. The Ethereum Rainbow Chart suggests that the cryptocurrency could trade between $761.55 and $18,254.39 on the first day of 2025, with the current position being in the "Steady" zone. Breaching the $4,000 resistance is crucial for Ethereum's advancement.



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