Ethereum (ETH) just broke through $3,000, and experts think it’s about to explode. This could be huge!
Ethereum’s Rocket Fuel
The price action is looking incredibly strong. Many believe Ethereum is ready to make a serious comeback and potentially hit new all-time highs. Analyst Carl Runefelt agrees, predicting a possible surge to $6,000. He points to increased network activity, more institutional interest, and wider adoption of Ethereum’s smart contracts as key drivers. Bitcoin’s recent surge is also helping to create a positive environment for altcoins like Ethereum.
The Last Chance to Buy Low?
Runefelt believes we might be seeing the last chance to buy ETH at these relatively low prices. He sees Ethereum mirroring Bitcoin’s recent breakout, suggesting a massive bull run is imminent. His technical analysis shows Ethereum approaching its final supply levels before a potential rally. Once it breaks through these levels, he predicts a price of $6,000.
Technical Analysis: Holding Strong
Ethereum is currently trading around $3,110 after a slight pullback. However, it’s holding strong above the crucial 200-day moving average ($2,955), a sign of long-term bullishness. The next major hurdle is $3,450. Breaking through and consolidating above this level would confirm a major breakout, potentially leading to a new all-time high.
