Ethereum

Resistance

when

Rekt (rektarb.xyz)

Rekt

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-surpasses-4000-boosting-altcoin-market-confidence/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum Surpasses $4,000, Boosting Altcoin Market Confidence</a><br></p>
<p style="text-align: justify">Ethereum’s rise above the $4,000 mark could trigger a long-term upward trend in the <a href="https://en.coin-turk.com/worldcoin-surges-as-user-base-tops-one-million/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoin</a> market. Crypto analyst Rekt Capital states that if Ethereum breaks through this critical level, it will lead to increased capital flow into smaller altcoins. The analyst believes that Ethereum’s upward momentum will have positive implications for the overall market.</p>
<h2 style="text-align: justify" id="ethereum-s-struggle-to-break-the-4-000-resistance">Ethereum’s Struggle to Break the $4,000 Resistance</h2>
<p style="text-align: justify">At the time of writing, Ethereum is trading at $3,595 and is preparing to test the $4,000 level. Rekt Capital mentioned that overcoming this resistance could restore investor confidence in the altcoin market. According to the analyst, a strong weekly closure will be essential for Ethereum to surpass this level. Furthermore, it is suggested that if this resistance level is maintained, Ethereum’s price could potentially rise to $4,500.</p>
<p style="text-align: justify">Past performances support the analyst’s predictions. Rekt Capital recalls that when Ethereum surpassed critical levels in previous years, it led to expansion in the altcoin market. He expressed that Ethereum’s performance could significantly influence the future movements of smaller altcoins. In this context, he emphasized the need for investors to base their decisions on technical analysis.</p>
<h2 style="text-align: justify" id="altcoin-market-prepares-for-new-highs">Altcoin Market Prepares for New Highs</h2>
<p style="text-align: justify">If Ethereum exceeds $4,000, a significant revival in the altcoin market is anticipated. Rekt Capital noted that this could increase the total <a href="https://en.coin-turk.com/cryptocurrency-market-continues-to-climb/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency market</a> value. Specifically, it is expected that the market capitalization of altcoins outside the major cryptocurrencies could rise from $315 billion to $425 billion.</p>
<p style="text-align: justify">The analyst stated that if this scenario unfolds, investor confidence would grow, and market volume would expand. Rekt Capital pointed out that a similar process occurred in 2021, leading to a broader altcoin market, and he believes this year holds the same potential. It is indicated that Ethereum surpassing $4,000 would positively impact the overall health of the <a href="https://en.coin-turk.com/leon-li-recovers-over-100-of-blocked-deposits-from-ftx/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a>.</p>
<p style="text-align: justify">Rekt Capital sees Ethereum breaking this level as a significant turning point for the cryptocurrency market. He stresses the importance for investors to remain cautious and closely monitor market trends during this period. Clearly, Ethereum’s performance plays a decisive role in the future of the altcoin market.</p>
<p>The post <a href="https://en.coin-turk.com/ethereum-surpasses-4000-boosting-altcoin-market-confidence/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum Surpasses $4,000, Boosting Altcoin Market Confidence</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Ethereum Surpasses $4,000, Boosting Altcoin Market Confidence

Table of Contents

COINTURK NEWS

Other articles published on Dec 1, 2024

New AI Crypto Set to Rival Polygon and Polkadot With a Projected 5,000% Growth by 2025

With Altseason Underway, Analysts Pinpoint 5 Altcoins for Explosive Growth!

Ethereum Whales Hoarding $1B in ETH: Indicator of an Upcoming Surge?

The Developer Loses $150,000 in Live Error

Ether Poised to Surge 97% Over the Next 4 Months

4 Reasons Why FX Guys Is Attracting Dogecoin Whales in 2024

Join our free newsletter for daily crypto updates!