Bitcoin breaking the $100,000 mark has propelled Ethereum and other altcoins to new highs. Ethereum is expected to reach $4,000 and potentially even $5,000 if it continues to show strong bullish signals. The current market sentiment for Ethereum is neutral, but technical analysis indicates a potential market upturn. Ethereum's daily trading volume has dropped slightly, and there is a brief upside momentum in the four-hour price graph. If the current uptrend continues, Ethereum could break the $4,000 level and potentially test its previous all-time high of $4,891. However, if the bullish movement weakens, Ethereum could find support around $3,600 or even slip to $3,400.
- Content Editor ( thenewscrypto.com )
- 2024-12-06
Will Ethereum (ETH) Surge Past $4K Soon?