Ethereum reaching $4,000 is definitely possible, considering its current upward trend. Recently, Ethereum exchange-traded funds (ETFs) saw record weekly inflows, with $154.66 million flowing in, the highest since July . This surge is largely attributed to the U.S. presidential election outcome, which has sparked hopes for more favorable regulations for digital assets. $ETH
Analysts are optimistic about Ethereum's potential, with some predicting it could reach $4,000 or even higher. Pseudonymous analyst Lucky suggests a "monster rally" could be on the horizon, potentially pushing Ethereum to $4,600 by February 2025 . Another analyst, Satoshi Flipper, highlights an 8-month descending channel pattern that Ethereum is breaking out of, indicating a potential breakout to $4,000 with little resistance.
