Ethereum

bullish

Wrapped Bitcoin

Bitcoin

<p>After lagging behind for months, Ethereum (ETH) has now successfully surpassed the $3,500 mark on November 25 signaling a robust bullish recovery. This recent price surge is attributed to the upcoming alt season and the upsurge in Bitcoin price.</p> 
<p>With surpassing the $3,500 price mark for the first time since July, ETH has caught up with the recent spikes in Bitcoin price – which is on the urge to break $100,000. The latest market <a href="https://in.tradingview.com/chart/CQg6HbhP/?symbol=BITSTAMP%3AETHUSD" target="_blank" rel="noopener">data from TradingView</a> shows that ETH is currently trading around $3,490 – up 13% in the past 7 days.</p> 
<h2 class="wp-block-heading" id="eth-price-analysis-for-this-week">ETH Price Analysis for this Week</h2> 
<p>As ETH price is now trying to re-accumulate price levels above $3,500, this range could be seen as key levels for its next leg push to $4,000. It is expected that ETH will consolidate near this price level before its next potential move.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img decoding="async" width="1438" height="792" src="https://www.cryptotimes.io/wp-content/uploads/2024/11/image_2024_11_25T12_59_31_937Z.png" alt="image 2024 11 25T12 59 31 937Z" class="wp-image-217382" srcset="https://www.cryptotimes.io/wp-content/uploads/2024/11/image_2024_11_25T12_59_31_937Z.png 1438w, https://www.cryptotimes.io/wp-content/uploads/2024/11/image_2024_11_25T12_59_31_937Z-420x231.png 420w, https://www.cryptotimes.io/wp-content/uploads/2024/11/image_2024_11_25T12_59_31_937Z-860x474.png 860w" sizes="(max-width: 1438px) 100vw, 1438px">
  <figcaption class="wp-element-caption">
   Source: Tradingview
  </figcaption>
 </figure>
</div> 
<p>The above chart also shows that the range of $3,800 – $3,900 is also a major resistance for ETH to reclaim the $4,000 price mark. However, in order to maintain its price above $3,500, ETH would need a solid push this week.&nbsp;</p> 
<p>While the trajectory appears promising, potential volatility in Bitcoin price – as it is approaching the $100,000 mark – and macroeconomic factors could severely affect its market dynamics. Investors are now closely monitoring broader market trends, including Bitcoin’s performance and altcoin market trend which often influences Ethereum’s price movement.</p> 
<p>Ethereum’s path to $4,000 hinges on sustained buying pressure and a supportive macro environment. Analysts remain optimistic but cautious about short-term volatility.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Also Read: <a href="https://www.cryptotimes.io/2024/11/25/wrapped-bitcoin-crashes-below-6000-on-binance/">Wrapped Bitcoin Crashes Below $6,000 on Binance Following Coinbase Delisting</a></p> 
</blockquote>

ETH breaks $3,500 in bullish recovery phase: Next leg to $4,000?

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The Crypto Times

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