Ethereum Surges to $3500: Can It reach $4000 By This year’s End?
- Ethereum is now trading at $3,627.73 with an increase of 7.49% showing strength with increased institutional interest.
- Analysts note ETH’s technical achievement $3500 breakthrough marking a bullish rally.
- ETF inflows and technical charts indicate the $4000 target is within reach if the momentum continues.
Ethereum, the second-largest cryptocurrency, once again became the major topic for debate. It captured market attention with its current achievement, rebounding above $3500. After weeks of consolidation, the coin is showing renewed demand both from retail and from institutional investors. Ethereum is now trading at $3,627.73 with an increase of 7.49% in the last 24 hours.
ETH Finally Reached $3,500
According to the recent update on X by the analyst named Crypto King. ETH has now reached its target $3500 after a long consolidation. this rally has sparked excitement in the community. Alongside, we can see genuine celebration as giveaway posts promising thousands of ETH for likes, retweets, and comments.
Charts Point Towards $4000
The chart taken from TradingView points to the coin’s recent rebound to $3,500. This marks a key technical recovery. The analysts note this as a sign of bullish continuation. Ethereum’s daily chart points to the price action that holds above the 200-day moving average. MACD momentum is still turning positive. Both the indicators are pointing to upward pressure.
Also Read: Ethereum Recovers Above $3,300, Analysts Eye $6,000 Price Target
ETF Inflows Power ETH Comeback
According to the data curated from CoinGlass, ETF inflow data support this outlook. This shows a renewed accumulation by institutional players. Positive net inflows often lead to strong rallies. The current data signals a consistent buying interest through November.
Also Read: Ethereum Eyes $3,500 as $137 Million Whale Position Fuels Bullish Momentum
Forecast Points An Increase Near 40%
Forecasts from Coincodex also support the target. November’s price range shows an average of $4,004, and December estimates go as high as $5,029. These all suggest that a $4000 breakout is realistic before this year’s end.
In conclusion, Ethereum’s price action, which is powered by strong ETF inflows and positive technical indicators, all create a bullish trend for the coin. As long as ETH maintains the momentum above $3,500, the target of $4,000 appears to be realistic. Ethereum, with this market condition, is setting the stage for a powerful year-end.
