🔥 Ethereum Price Prediction as ETH Approaches $4,000 Level – Here is the Next Key Level to Watch

📉 After nearly touching $4,000 on Monday, Ethereum (ETH) pulled back slightly on Tuesday to around $3,850. Despite a 1% dip due to Bitcoin wallet jitters from Mt Gox, Ethereum remains on an upward trend, boosted by last week’s SEC approval of Ethereum ETFs.

📊 The SEC approval is a historic moment, expected to drive demand similarly to Bitcoin ETFs, offering investors easy ETH exposure. Bernstein predicts Bitcoin and Ether ETFs will reach a $450 billion market cap, with $100 billion in inflows in the next 18-24 months. Ethereum, still 21% below its 2021 highs, has room to grow compared to Bitcoin’s 8% gap from its peak.

🚀 Much of Ethereum's underperformance stemmed from regulatory uncertainty, with fears of SEC labeling it a security. The recent ETF approvals alleviate this uncertainty, opening potential for a catch-up trade and outperformance relative to Bitcoin.

📈 The next key level for Ethereum is $4,100, with a potential rise to 2021 highs of $4,900. Breaking past prior highs could see Ethereum enter price discovery, potentially reaching $11,000 to $15,500 if it mirrors its 2020-2022 bull run Fibonacci extensions.