Ethereum’s $4K Target Within Reach, Here’s What Needs to Happen First
Summary
The crypto market is rebounding, with Ethereum (ETH) showing strong momentum. Currently trading around $2,600, ETH has gained 3.5% in the past 24 hours and 4.3% over the past week, outperforming other major cryptocurrencies. Analysts indicate that Ethereum's price action reflects signs of compression, suggesting a potential spike in volatility. If ETH surpasses the resistance level of $2,851, it may trend upward; conversely, a drop below $2,168 could lead to a return to lower price levels. The Ethereum price dominance chart indicates a tightly compressed range, hinting at an imminent significant move. A rally in Ethereum could trigger a broader upward trend in altcoins.
