Let's talk about the matter of $ETH breaking through the $4000 mark; we should first take a look at its past performance.
Ethereum, this fellow has almost touched or actually jumped up to the $4000 high several times before. For example, during the period from October to December 2021, the price was skyrocketing, rapidly rising, just a breath away from $4000. Recently, Ethereum has also been gathering momentum, trying multiple times to cross this hurdle, and sometimes it has really managed to stand its ground.
Now, looking at the current market, as of recently (around December 10, 2024), Ethereum has truly broken through the significant $4000 mark; the momentum is incredible! The market and technical indicators, such as RSI and OBV, all show that Ethereum has a pretty reliable support at $3560, and the signals for an upward trend are quite clear.
However, as for how the future trend will be, no one can say for sure. Some analysts have jumped out to say that if Ethereum can push through the tough $4540 mark, it might be like it's on a cheat code, skyrocketing all the way, and who knows, it might hit the $10,000 threshold one day. But, you know how the market is, who can tell? Price fluctuations, market sentiment, macroeconomics—how can any of these not have an impact on Ethereum's price?
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