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Ethereum (ETH) has reached a significant price milestone of $4,100 for the first time in over three years. This level has proven to be a key resistance point for investors, especially as major altcoins have struggled to break above this level amid the bullish momentum experienced in the first quarter of this year. I am.
Will it be ready for a move higher if it breaks through the $4,000-$4,100 resistance?
With renewed bullish sentiment among crypto investors, analysts say Ethereum could surpass the all-time high of $4,878 hit in November 2021 and set a new all-time high. I predict that.
For example, cryptocurrency analyst Justin Bennett noted on social media platform admitted that Bitcoin was the center of attention in the market.
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However, analysts believe that if ETH price can successfully navigate the critical $4,000-$4,100 range in the near term, it will pave the way for a recovery towards the all-time high zone, reaching mid-$5,000 levels. He emphasized that it is possible. This completes the altcoin’s current bullish channel.
Bennett also believes that altcoins could soon funnel “some of the profits from Bitcoin (BTC)” into the Ethereum market, making now a good time for ETH prices to reach new all-time highs. suggested that.
Will Ethereum price reach $15,937 by May 2025?
In addition to this bullish outlook, market expert Venture Founder also shared an even more optimistic prediction, expecting ETH's bullish momentum to continue over the next seven months, reaching an all-time high of $15,937 by May 2025. We expect it to reach .
VentureFounder tied this prediction to historical patterns, noting that the first quarter after a Bitcoin halving event typically begins a surge towards new record highs. He further pointed out that Ethereum often enjoys strong performance for a year after such halving events, with the most recent halving event occurring in April of this year.
This year has already seen striking similarities to the past in both Bitcoin and Ethereum. Ahead of Bitcoin's halving, the cryptocurrency experienced a significant rally, driven in part by the U.S. Securities and Exchange Commission's (SEC) approval of the Spot Bitcoin Exchange Traded Fund (ETF).
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At the time, Bitcoin prices reached an all-time high of just over $70,000 in March, and have since risen more than 50% to $107,000 despite tough price movements in the second and third quarters. A new record was set.
Ethereum also experienced significant growth, hitting its highest level in over three years in the first quarter and rising nearly 100% in just 30 days from $2,260 in February. However, it has remained below the $4,100 threshold until recently, consistent with Bitcoin's upward trajectory.
Overall, VentureFounder's analysis, along with the price movements of both Ethereum and Bitcoin this year, suggests that ETH could be poised to rise significantly in the coming months if the experts' predictions and previous patterns hold true. provides a solid foundation for believing that
The daily chart shows that the price of ETH is trending upward. Source: ETHUSDT on TradingView.com
At the time of writing, ETH is trying to stabilize at around $4,014. This level will be crucial in determining whether further upward momentum occurs in the coming days or if another test of price support is on the horizon.
Featured image from DALL-E, chart from TradingView.com
