Ethereum (ETH) To Melt Faces, Top Analyst Issues Breathtaking Prediction
Main Idea
Ethereum (ETH) has surged to $4,000, driven by market optimism and positive fundamentals, with analysts predicting further bullish momentum.
Key Points
1. Ethereum (ETH) reached $4,002, a key psychological level, marking its first time at this price since December 2024.
2. ETH's price has risen 163% since April, supported by increased staking and treasury holdings, as well as positive regulatory signals from the SEC.
3. Glassnode co-founder 'Negentropic' predicts Ethereum's next move will be significant, with key resistance levels at $4,500 and the all-time high of $4,891.
4. The total crypto market cap increased by 3%, with altcoins contributing to the gains.
5. Ethereum blockchain set a new record with 1.74 million transactions, surpassing the previous high of 1.65 million in May 2021.
Description
Ethereum touched $4,000 for first time since December 2024
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