The price of Ethereum has risen over 6% in the past 24 hours to reach $3,700. While Bitcoin has reached its all-time high, Ethereum is still below its ATH of $4,810. Despite this, Ethereum's consistent growth indicates strong fundamentals and increasing adoption. The surge in Bitcoin's price has driven interest in altcoins like Ethereum, and analysts believe there is an opportunity for Ethereum to catch up as Bitcoin's dominance sets the stage for broader market growth. The price outlook for Ethereum is cautiously optimistic, with short-term targets set between $4,000 and $4,200. However, there is a possibility of a dip to $3,200 before Ethereum can build momentum towards $4,000 and beyond.



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