What will the trend be after Ethereum's price breaks through $4,000?
The $4,000 price point is an important resistance level for Ethereum, having limited price increases multiple times since 2021. Breaking through and maintaining this level is crucial for confirming the continuation of a bullish trend and opening up higher price targets.
Market analysts emphasize that $4,000 has served as an upper limit for prices seven times, making it a key psychological and technical resistance level.
Once Ethereum breaks through $4,000 and confirms it as a support level, analysts predict its short-term target prices will be $4,800 and $5,400. Experts' long-term forecasts indicate that during this market cycle, Ethereum could rise to $8,000 or even $9,000.
Strong trading volume and interest from institutional investors support this expectation, indicating robust market demand.
