Ethereum Hits $3600: Will $4000 Be the Next This Week?
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Ethereum has indeed hit $3,600, and the big question is whether it'll reach $4,000 this week. According to recent forecasts, Ethereum's price surge is expected to continue, with potential targets set at $4,093 and even $4,522. #Ethereum has indeed hit $3,600, and the big question is whether it'll reach $4,000 this week. According to recent forecasts, Ethereum's price surge is expected to continue, with potential targets set at $4,093 and even $4,522.Ā¹
The current bullish momentum is driven by increased capital inflows into ETH ETFs and a significant uptick in Ethereum's open interest and futures premium. Additionally, the ETH/BTC ratio has surged over 15% since November 21, indicating a potential altcoin season.
While it's difficult to predict with certainty whether Ethereum will reach $4,000 this week, the current market sentiment and technical indicators suggest a strong possibility of continued growth. However, it's essential to keep an eye on market volatility and potential bearish signals.