3 Charts Reveal Why Ethereum Price Rally to $4,000 May Still Be Intact
Explore three chart patterns that suggest why Ethereum price may rally past $4,000 despite an 11% drop in under two weeks.Ethereum (ETH) is down by 11% since recording a swing high of $2,700 on March 29. Despite this drop, three different charts suggest that an Ethereum price rally to $4,000 may still be intact, and the momentum remains bullish.
ETH price remains up by 27% in one month, with the price fluctuating between $2,400 and $2,660 in the last seven days.3 Charts Predict an Ethereum Price Rally to $4,000 May Still be Intact
Three different chart patterns suggest that despite the bearish headwinds rocking the crypto market in June, Ethereum price may still surge to $4,000. These include:
Ethereum Market Dominance Chart
ETH/BTC Chart
Ethereum Key Support Chart
Ethereum Market Dominance
The first chart showing that Ethereum price could resume its bull run to $4,000 is the ETH market cap dominance chart. The chart shows that Ethereum’s dominance recorded a rapid surge in May before the uptrend cooled and formed a consolidation range.This formation depicts the creation of a bull flag pattern, which may spark a 32% surge in Ethereum’s dominance if resistance at the flag is breached. This surge could push ETH’s dominance to 13%, and the last time it was this high, in December 2024, Ethereum price traded at $4,000.