Ethereum hits $4,100 for the first time in three years, with $5,000 as the next target

Click on the avatar live to watch the live broadcast and receive the bull market password

For the first time in more than three years, Ethereum (ETH) has reached the important price milestone of $4,100. This level has proved to be a key resistance point for investors, especially during the bullish momentum in the first quarter of this year, when the leading altcoin had difficulty breaking through this level.

If the $4,000-4,100 resistance level is broken, is there hope for a rebound?

The renewed bullish sentiment among cryptocurrency investors has prompted analysts to predict that Ethereum could hit a new all-time high, surpassing the previous record high of $4,878 set in November 2021.

For example, cryptocurrency analyst Justin Bennett pointed out on social media platform X (formerly Twitter) that ETH had previously faced technical obstacles when breaking through the $4,000 mark, and acknowledged that Bitcoin has been the focus of the market in December.

However, the analyst stressed that if the price of ETH can successfully break through the key $4,000 to $4,100 range in the short term, it could pave the way for a pullback to the all-time high region and potentially reach the mid-$5,000 level, completing the current altcoin bullish channel.

Bennett also said that now is a great time for the price of ETH to hit a new all-time high as he believes the altcoin will soon see "some of the Bitcoin (BTC) profits" flow into the Ethereum market.

Click on the avatar live to watch the live broadcast to receive the bull market password