Ethereum

bullish

Bitcoin

Time

Ethereum (ETH) price has crossed the $4,000 mark. The surge leaves Ethereum about $670 away from its all-time high (ATH) of $4,666 recorded in November 2021. 
<h2 class="wp-block-heading" id="h-ethereum-price-journey-to-4-000">Ethereum Price Journey to $4,000</h2> 
Data from the market shows that before Ethereum crossed the critical $4,000 level, it had fluctuated wildly per its volatility. 
In Thursday trading, ETH plunged to a low of $3,753. However, the altcoin soon began rebounding to the $3,900 level. 
It dipped again below the support level before crossing the critical psychologically important level. 
As of this writing, <a href="https://www.thecoinrepublic.com/price-prediction/ethereum/">Ethereum’s price</a> was trading at $4,063.15, up by 5.81% in 24 hours. 
As bullish sentiment remains high, the market volume spiked by 2.20% to $59.47 billion. Meanwhile, Ethereum’s market capitalization soared to $489 billion, reflecting a growth of 5.55% in the last 24 hours. 
The notable jump in the price of Ethereum above $4,000 trails Bitcoin’s historic cross over $100,000. This development signals the growth of the altcoin in the ongoing bullish run in the broader market. 
<h2 class="wp-block-heading" id="h-market-momentum-and-institutional-interest">Market Momentum and Institutional Interest</h2> 
Experts have attributed Ethereum’s success to several market factors, including the activities of institutional players. 
Since July 2024, corporate investors have embraced the asset following the regulatory approval from the U.S. Securities and Exchange Commission (SEC) for the spot Ethereum ETF. 
Although growth has been measured, spot Ethereum ETF has also recorded significant milestones. 
Notably, data from Farside Investors show that on November 29,<a href="https://www.thecoinrepublic.com/2024/12/01/ethereum-etf-inflows-surpass-btcs-eth-price-to-surge/"> Ethereum ETFs outperformed Bitcoin ETFs</a> regarding net flows. 
This marked the first time Ethereum ETFs will surpass Bitcoin ETFs. 
Interestingly, only three products accounted for the inflow of $332.9 million. They were BlackRock’s ETHA, Fidelity’s FETH, and Grayscale’s ETH, with inflows of $250.4 million, $79.1 million and $3.4 million respectively. 
Meanwhile, on November 29, Bitcoin ETFs registered $320 million in net inflows. Additionally, this grew in the next few days in December. 
The influence trickled to Ethereum ETFs. on December 5, ETH ETFs showed $428.5 million in net inflows, marking their fifth consecutive day of net inflows. 
This signals renewed interest from institutional investors. 
<h2 class="wp-block-heading" id="h-ethereum-price-resistance-levels-and-future-projections">Ethereum Price Resistance Levels and Future Projections</h2> 
Having breached the $4,000 mark, market observers say Ethereum could soar as high as $7,000 in the ongoing market cycle. 
They base their optimism on the increasing record inflows from institutional investors on the ETF market and blockchain development. 
Jelle, a prominent crypto trader and investor on X noted that Ethereum was finally showing up in the ongoing bull cycle. Jelle used charts to highlight ETH’s resistance and support levels, which might send Ethereum above $5,000 next. 
However, Ethereum’s next critical resistance levels are $4.050 and $4,120 for now. The crucial support levels that could provide support against short-term retracements are $3,905 and $3.770. 
Analysts maintain that sustained interest from institutional investors could help drive the altcoin to a new ATH. 
At the moment, bullish sentiments and the anticipation of a favorable regulatory crypto climate could act as tailwinds to propel ETH prices upwards. As market analyst venturefounder projects, ETH could trade above $15,000 by 2025. 
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 <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> about to break out of the 3 years of triangle consolidation, and <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> could break out of the range where it has been for past 7 yrs. Ethereum to repeat this impulsive breakout it did between 2016-2017 to shoot to new ATH very quickly Price Target: $15,937 by May 2025 <a href="https://t.co/YpOeWmM03T">pic.twitter.com/YpOeWmM03T</a>— venturefounder (@venturefounder) <a href="https://twitter.com/venturefounder/status/1864411777703833742?ref_src=twsrc%5Etfw">December 4, 2024</a>
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The post <a href="https://www.thecoinrepublic.com/2024/12/07/ethereum-price-tops-4000-for-the-first-time-since-march-ath-next/">Ethereum Price Tops $4,000 For the First Time Since March, ATH Next?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

Ethereum Price Tops $4,000 For the First Time Since March, ATH Next?

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