Ethereum Surpasses $4,000 Resistance, Suggesting Potential for Higher Targets Amid Market Shifts

Key Points

1. Ethereum surged past $4,000, reaching $4,211, a 20.44% gain, marking a significant breakthrough after multiple rejections since 2021.

2. Sustained closes above $4,000 could target $6,000–$7,000, with long-term potential up to $11,000.

3. Failure to hold above $4,000 risks a pullback to the $3,500–$3,750 range.

4. The breach of $4,000 is seen as a pivotal moment, transforming it from resistance to potential support if momentum continues.

5. Analysts highlight the importance of monitoring institutional buying pressure and key levels to gauge future market movements.