Ethereum Tests Key Weekly Resistance – Analyst Sets $4K Target If ETH Breaks Out
Ethereum is gaining momentum in the crypto market, approaching the critical $2,800 resistance level after months of lagging behind Bitcoin. Market sentiment has shifted positively, driven by renewed demand and strong technical indicators. Analyst Ted Pillows emphasizes the significance of the $2,850 mark, stating that breaking through could lead to a surge toward $3,000 and beyond. Recent resilience against macroeconomic pressures adds to bullish sentiment. A U.S. Federal court's decision to strike down tariffs introduces uncertainty in traditional finance, but Ethereum is thriving amid this volatility. If ETH reclaims the $2,850 level, it could pave the way for a rapid rise to $4,000, potentially triggering capital rotation from Bitcoin and stablecoins into altcoins. Ethereum is positioned for a significant breakout that could reshape market dynamics.
