A cryptocurrency expert believes that Ethereum's recent price surge signals the start of a new bull market, with the potential for the asset to reach as high as $8,000 in the coming months. The expert points to Ethereum's breakout from a consolidation phase and its rebound above the critical long-term support level of the 200-day moving average as key factors driving its momentum. Ethereum faces resistance levels at $3,342, $4,011, and its previous all-time high of around $5,800, but projections suggest it could reach targets of $7,322 and $7,871. The current market benefits from legal acceptance and global support, setting the stage for unprecedented growth. Institutional investors and whales are accumulating Ethereum, and sentiment data from smart money suggests a bullish outlook. At present, Ethereum is trading at $3,300.



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