The Ethereum price has experienced a strong breakout, reaching its highest level since June 10 at $3,690. It has increased by 70% from its lowest level this month, and analysts predict further gains with estimates ranging from $6,000 to $10,000 in the near future. The bullish forecast for Ethereum comes despite its underperformance compared to other cryptocurrencies this year. However, there are concerns about Ethereum losing market share to Solana. Technical indicators suggest a positive short-term outlook for Ethereum, with the potential to retest its year-to-date high and potentially reach $5,000. The support level to watch is $3,100.



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