Ethereum (ETH) just hit a major milestone: it’s trading above $4,100 for the first time in over three years! This is a big deal, as this price point has been a tough hurdle for ETH in the past.
A Bullish Outlook for ETH
Crypto experts are feeling pretty optimistic about Ethereum. Many believe it could hit new all-time highs, even surpassing its previous record of $4,878.
One analyst, Justin Bennett, pointed out that ETH has historically struggled to break the $4,000 barrier. But, he thinks if ETH can successfully stay above $4,000-$4,100, we could see a big rally, potentially pushing ETH towards the mid-$5,000 range. He even suggests that some of the profits from Bitcoin (BTC) could flow into Ethereum soon.
Even More Ambitious Predictions
Things get even more exciting with VentureFounder’s predictions. This market expert is incredibly bullish, forecasting ETH to reach a whopping $15,937 by May 2025!
This bold prediction is based on historical patterns. VentureFounder notes that after Bitcoin’s “halving” events (a significant reduction in Bitcoin’s mining rewards), Ethereum usually sees a strong year of growth. The last halving was in April of this year, and we’ve already seen some impressive growth in both Bitcoin and Ethereum.
Past Performance and Future Potential
This year has been a good one for crypto. Bitcoin saw a huge rally, partly due to the SEC approving spot Bitcoin ETFs. Ethereum also had a fantastic first quarter, rising nearly 100% in just a month. However, it stayed below $4,100 until recently.
VentureFounder’s analysis, combined with this year’s price action, suggests that ETH could be in for some serious gains in the coming months. Of course, this depends on whether the experts’ predictions and past patterns continue to hold true.
What’s Next for ETH?
Right now, ETH is trading around $4,014. Whether it continues its upward momentum or dips back down will depend on what happens in the next few days. This price range is key to watch.
