Can Ethereum Price Reach $4,000 Again? Market Analyst Says ETH Must Stay Above Critical Support Level
At the beginning of the week, Ethereum (ETH) saw a strong rally as it crossed the $2,800 mark for the first time since February 2025.
However, escalating tensions between Israel and Iran negatively impacted risk assets, leading to a decline in the prices of both Bitcoin and Ethereum.
Ethereum's price dropped below $2,800, falling to the psychological level of $2,500 — a notable deviation from its recent upward trend.
According to historical data, if Ethereum maintains a position above the $2,500 support level, it could signal strength in price action.
Crypto analyst "Rekt Capital" posted on social media platform X, highlighting that Ethereum has established the $2,500 level as a key support zone.
Over the past five weeks, Ethereum has consistently held above this level. If this trend continues, a significant price increase toward the $4,000 mark is possible.
Rekt Capital noted that this $2,500 support level has previously helped Ethereum rise to $4,000.
In December 2024, Ethereum's price was close to $4,000 before experiencing a nearly 60% drop at the start of the year. A return to this level could signal the beginning of a much-anticipated "Altcoin Season."
Currently, Ethereum is trading at around $2,577, reflecting a 3% drop over the last 24 hours.
In another post, Rekt Capital stated that Ethereum’s market dominance recently reached a five-year high, hitting 10% for the first time since 2020.
If this positive trend continues, further price increases for Ethereum are expected. Bitcoin’s market dominance could decline, increasing the chances of an Altcoin Season in this cycle.
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