【Last chance to buy Ethereum? Analysts expect shares to hit $6,000 once they break out of 8 months of accumulation]
Ethereum (ETH) recently broke through the key price of $3,000, showing strong upward momentum. The market expects that it may hit a record high, becoming the focus of investors.
Analyst Carl Runefelt said that Ethereum, driven by factors such as increased network activity, increased institutional interest and widespread use of smart contracts, could quickly reach $6,000 if the rally continues. He pointed out that this is the last opportunity to enter the market at a relatively low price.
Bitcoin has hit new highs recently, which has led to an improvement in the overall market atmosphere, and the market focus has gradually turned to Ethereum. Investors are looking for Ethereum to solidify support above $3,000, paving the way for further gains. ETH is currently quoted at around $3,110, and despite a 12% retracement from its highs, it remains stable above the 200-day moving average of $2,955, indicating that the long-term trend remains bullish.
Technical charts suggest the next key resistance for Ethereum is at $3,450. If it can successfully break through and stabilize at this price, it may further challenge its historical high, attract more buying orders, and push the price to new heights.
As market sentiment recovers and the overall environment improves, Ethereum is demonstrating its growth potential as a top cryptocurrency and is expected to achieve new breakthroughs in this bull market.
