Ethereum (ETH) Targets $4,000 as It Gains 8% in a Week

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is steadily aiming for the psychological price of $4,000.

After a remarkable surge last week, the second-largest cryptocurrency by market capitalization, Ethereum (ETH), is gradually inching toward the psychological price point of $4,000. Having gained 8% over the past seven days, ETH is currently trading at $3,400.

According to CoinMarketCap, ETH experienced a surge of up to $3,800 during the past 24 hours, following a low of $3,200. As the token continues its bullish momentum, analysts are eyeing $3,800 and $4,000 as critical targets, while $3,000 provides strong support.

Ethereum’s Journey Toward $4,000

Over the past week, Ethereum has maintained a steady upward trajectory, gaining 8%. Currently priced at $3,400, the token is only $600 away from the highly anticipated $4,000 milestone. Investors are keeping a close watch on price movements as ETH sustains its bullish momentum.

ETH/USD 4-hours chart – TradingView

Key Support Levels for Ethereum

The $3,000 mark acts as a strong support level for Ethereum. If prices fall below this level, ETH could face further declines. However, such a scenario would likely coincide with Bitcoin losing its momentum and breaking below $95,000, signaling broader market corrections.

Ethereum Price Prediction: What’s Next?

The immediate targets for Ethereum are $3,800 and the psychological barrier of $4,000. If ETH breaks through these levels, it could pave the way for new highs, fueled by strong investor confidence and growing adoption of the Ethereum network.

ETH/USD 4-hours chart – TradingView

How to Trade Ethereum on Bitget

If you’re interested in trading Ethereum, Bitget provides a user-friendly and optimal platform. To begin, follow these steps: