Ethereum ($ETH ) has finally crossed the $4,100 mark for the first time since 2021, a level that investors have struggled to surpass. Despite strong momentum earlier this year, Ethereum failed to break through this crucial barrier during the first quarter’s bullish phase. However, market optimism now signals a potential rally toward new highs.

Analysts Predict Ethereum’s Next Move

Prominent crypto analyst Justin Bennett highlighted on social media platform X (formerly Twitter) that Ethereum has historically encountered resistance between $4,000 and $4,100, particularly as Bitcoin dominated market attention in December. Bennett explained that if ETH successfully navigates this critical price range, it could initiate a sustained rally toward its all-time high of $4,878 and possibly climb into the mid-$5,000 zone, completing its bullish breakout.

Bennett also suggested that a portion of recent Bitcoin (BTC) profits could soon flow into Ethereum, potentially triggering an upward surge and driving ETH to new record levels.

Ethereum to $15,937 by May 2025?

Adding to the positive sentiment, market analyst VentureFounder predicted that Ethereum could reach $15,937 by May 2025, setting an entirely new all-time high. According to VentureFounder, the first quarter following Bitcoin’s halving event typically sparks significant market growth, with altcoins like Ethereum historically following suit.

Bitcoin’s trajectory this year has set a notable precedent. Following the approval of Spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC), BTC surged to a new all-time high of $70,000 in March and continued to climb past $107,000 despite challenging price action in Q2 and Q3.

Ethereum’s strong performance mirrors this trend. In Q1, ETH experienced its best start in over three years, rallying from $2,260 in February to double its price within 30 days. Now, with ETH finally breaching $4,100, analysts believe Ethereum could ride Bitcoin’s momentum and achieve new historic highs in the months ahead.

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