#ETHBreaks4000 🔥Ethereum (ETH) has surpassed $4,000. Currently, its price is $4,030.87, with an increase of 3.68% in the last 24 hours. Analysts predict that if ETH manages to exceed $4,000, it could reach new all-time highs, possibly reaching $6,400 according to Ali Martinez.

*Key factors influencing the price of ETH:*

- *Whale accumulation*: large investors are accumulating ETH, which could drive the price up.

- *Positive funding rates*: traders are betting on an increase in the price of ETH.

- *MVRV ratio*: ETH is undervalued in relation to Bitcoin, suggesting growth potential.

- *Bullish flag pattern*: the ETH chart indicates a possible breakout and a significant price increase.

*Key levels to watch:*

- *Resistances*:

- $4,010: strongest daily resistance

- $4,100: next target if momentum continues

- $4,175: next significant resistance level

- *Supports*:

- $3,932: immediate support

- $3,886: strong support

- $3,749: major support

The cryptocurrency market is showing overall growth, driven by the resolution of the litigation between Ripple and the SEC, and the increase in the price of Bitcoin. However, some analysts warn that the ETH rally seems overheated and prone to a correction.