Experts predict a new ATH for Ethereum

Cryptocurrency market analysts predict the possibility of a new all-time high for Ethereum ETH $3,864.00 Bridged Ether (StarkGate) -3.55% Market capitalization $0.34 billion VOL. 24 hours $1.92 billion within the next week. Currently, the price of ETH is about $ 3,909, and to reach a new record of $ 4,878 set in November 2021, the cryptocurrency needs to grow by 24% within seven days.

According to trader Pentoshi, Ethereum is demonstrating structural changes in the market, in particular due to the growing flows of ETFs (exchange-traded funds). He noted that ETH ended the last week with the highest close of the year and has the potential to quickly reach an all-time high due to the minimal level of resistance on the way to it.

Another crypto expert known as Poseidon added that Ethereum is on the verge of breaking through the four-year price range, which could lead to a significant increase in value.

The rise of ETH to $ 4,000, which occurred for the first time since March 2024, reinforces forecasts of its further growth. Analysts also note that the ETH/BTC (Ethereum to Bitcoin) ratio is no longer declining, which could help improve Ethereum’s position over the next 6−12 months.

Disclaimer: This information does not constitute financial advice. Any investment involves risks, and everyone should research the situation independently before making decisions.