Ethereum Hits $4,150 After Three Years, Aiming For $5,000

Ethereum (ETH) topped $4,100 for the first time in three years. Investors have struggled to break this level, particularly after the top altcoin failed to break it during the first quarter's positive momentum.

Analysts expect Ethereum to break its November 2021 peak of $4,878, due to crypto investors' newfound optimism.

On social media site X (formerly Twitter), crypto expert Justin Bennett stated that ETH has previously experienced technical difficulties in topping $4,000 and that Bitcoin was the market focus in December.

The analyst noted that if ETH's price can navigate the critical $4,000 to $4,100 range in the short term, it could rally back toward its all-time high zone and reach mid-$5,000 levels, completing the altcoin's bullish channel.

Bennet also claimed that “some of those Bitcoin (BTC) profits” might flow into the Ethereum market shortly, causing the altcoin's price to reach a new high.

Ethereum To Reach $15,937 By May 2025?

Market analyst VentureFounder added to this positive forecast by predicting ETH would continue to rise over the following seven months to $15,937 by May 2025, a new all-time high.

VentureFounder said that the first quarter after Bitcoin's halving usually sees a spike to new record highs. He said that Ethereum usually has a good year following Halving occurrences like April's.

Bitcoin and Ethereum have had many parallels this year. The US Securities and Exchange Commission approved spot Bitcoin exchange-traded funds (ETFs), which helped Bitcoin soar before its halving.

In March, Bitcoin set a new all-time high just over $70,000, and it has since surged more than 50% to $107,000 amid tough second and third quarter price action.

Ethereum had its greatest first quarter in more than three years, jumping from $2,260 in February to over 100% in 30 days. It stayed below $4,100 until recently, following Bitcoin's rise.

#ETHHits4KAgain #BTCNewATH #BTCNewATHAgain $BTC $ETH $XRP