Ethereum Reaches $4,100 For The First Time In Over Three Years, Aiming For $5,000 Next

For the primary time in additional than three years, Ethereum (ETH) has reached the necessary worth milestone of $4,100. This degree has confirmed to be a key resistance level for buyers, particularly because the main altcoin struggled to interrupt this degree in the course of the bullish momentum within the first quarter of this 12 months.

Prepared for rally if $4,000-$4,100 resistance is damaged?

The renewed bullish sentiment amongst crypto buyers has led analysts to foretell potential new all-time highs for Ethereum, surpassing its earlier file. file of $4,878, established in November 2021.

For instance, crypto analyst Justin Bennett famous on social media platform

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Nevertheless, the analyst emphasized that if ETH’s worth can efficiently navigate the essential vary of $4,000 to $4,100 within the brief time period, it might pave the best way for a rally again to its all-time excessive zone, with the potential to succeed in ranges of the mid-$5,000s , thus finishing the present bullish development. channel for the altcoin.

Bennet additionally advised that now could be the opportune time for ETH worth to hit a brand new all-time excessive, as he believes the altcoin might quickly deliver “a few of these Bitcoin (BTC) features” to the Ethereum market see it movement.

Ethereum worth will attain $15,937 in Could 2025?

To enrich this bullish outlook, market professional VentureFounder shared extra optimistic predictionsanticipating sustained bullish momentum for ETH over the subsequent seven months, anticipating it to succeed in a brand new all-time excessive of $15,937 in Could 2025.

VentureFounder tied this prediction to historic patterns, noting that the primary quarter after Bitcoin’s halving occasions usually initiates a surge to new all-time highs. He additional indicated that Ethereum usually has a 12 months of robust efficiency following such halving occasions, the newest of which occurred in April this 12 months.

This 12 months, important similarities to the previous can already be seen for each Bitcoin and Ethereum. Previous to Bitcoin’s halving, the cryptocurrency noticed a considerable rally, fueled partly by the approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Trade Fee (SEC).

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On the time, the Bitcoin worth hit a brand new all-time excessive in March, simply above $70,000, and has since risen greater than 50% to a brand new all-time excessive of $107,000, regardless of difficult second and third quarter outcomes. worth promotion.

Ethereum additionally noticed important development, posting its strongest first quarter in additional than three years, from $2,260 in February to almost 100% in simply 30 days. Nevertheless, it remained under the $4,100 threshold till just lately, according to Bitcoin’s rising trajectory.

Total, VentureFounder’s evaluation, together with the worth actions of each Ethereum and Bitcoin this 12 months, present a stable foundation to consider that ETH may very well be poised for important features within the coming months if the specialists’ projections and former patterns maintain true .

On the time of writing, ETH is attempting to consolidate round $4,014. This degree will probably be essential in figuring out whether or not additional upward momentum will happen within the coming days or whether or not extra testing will happen worth help are on the horizon.

Featured picture of DALL-E, chart from TradingView.com