Ethereum Price Surges 5% as Market Capitalization Increases
Ethereum is experiencing a recovery, surpassing the $3,200 level with a 5% increase in the past day. This shift has narrowed the price gap to its all-time high by 33%. Analysts are assessing the implications of this price movement.
Analysts Discuss Key Levels and Future Targets
- Analyst Elite noted Ethereum's resilience against Federal Reserve's hawkish signals, highlighting increased on-chain activity.
- Active Ethereum addresses rose by 37%, reaching 670,000, doubling from early 2024 levels.
- WorldofCharts observed a consolidation pattern suggesting a potential breakout toward the $4,000 resistance area.
Ethereum On The Path To A $9,000 Rally?
- Analyst Ted indicated that higher lows in longer timeframes reflect a bullish trend, emphasizing $4,000 as a critical level.
- Ted forecasts Ethereum could reach between $9,000 and $10,000 within three to four months if current trends continue.
