Ethereum Bulls Target $4,000: What’s Driving the Surge?
Right now, Ethereum is breaking out towards $4,000, and looking at the weekly Ethereum chart, the price is showing strong performance ahead. Ethereum is approaching a major resistance zone around $3.9K to $4K. If it breaks above these levels, the next target would be the previous all-time high, around $4.7K to $4.9K, just under $5,000.
On the 3-day chart, Ethereum is moving above $3.2K, which was resistance and is now acting as support. It also has support of around $3.5K. The next resistance zone to watch is between $3,850 and $4,000, which are the previous highs. On the daily chart, Ethereum is still breaking out above previous resistance, now acting as support. The altcoin has seen strong buying around $3,430 to $3,560, confirming the breakout.
Ethereum’s Path to New All-Time Highs: Resistance Levels to Watch
FAQs
Ethereum’s strong bullish momentum is fueled by institutional investments, a breakout above resistance, and potential for new all-time highs.
The price of ETH might surge to a maximum of $4962 by the end of 2024.
According to our Ethereum price prediction. The largest altcoin’s price could propel to a maximum of $6,925 by the end of 2025. ETH is expected to cross the $15,575.21 mark by 2030.