The price of Ethereum could exceed $4,000 as the market capitalization dominance of ETH increases and forms a bullish flag pattern.
The ETH/BTC ratio may also support a price rally for Ethereum to $4,000 after breaking a symmetrical triangle pattern.
Analysts also claim that if the price of Ethereum can defend the crucial support level, it could bounce back to $4,000.
Ethereum (ETH) has dropped 11% since it registered a high of $2,700 on March 29. Despite this drop, three different charts suggest that a price rally for Ethereum to $4,000 may still be intact, and the momentum remains bullish.
The price of ETH continues to rise 27% in one month, with the price fluctuating between $2,400 and $2,660 in the last seven days.
