Ethereum (ETH) Price Rises Above $3100, Fueling Speculation of $4000 Rally Ahead

Ethereum (ETH) price has significantly surged after weeks of consolidation, breaking through multiple resistance levels. Following the recent U.S. elections, the market has experienced consistent upward momentum, indicating further gains may be on the horizon.

Ethereum (ETH) price surged past the $3,100 mark on Monday, reaching its highest level in 14 weeks and sparking speculation of an upcoming rally to $4,000.

As reported by Santiment, Ethereum price surged past $3,100 on Monday, marking a new high for the second-largest crypto asset. This surge follows a period of consolidation, with ETH price remaining largely within a tight range for several weeks. However, the recent market trend shifted, leading to a strong rally for both Bitcoin and Ethereum.

Monday saw a significant surge in Ethereum price, which began the day at around $3,146, displaying a sharp rise from the previous week’s price, which stood at around $2,410. This surge marks a notable gain of over 28% over the past seven days.

With the current bullish market trend, Ethereum price could potentially hit the $4,000 mark, which would indicate a surge of around 27% from Monday’s price. Ethereum price is showing promising momentum, having recently broken past the $3,150 level. A steady climb above this mark shows strong support, setting the stage for further gains.

The above is the detailed content of Ethereum (ETH) Price Rises Above $3100, Fueling Speculation of $4000 Rally Ahead. For more information, please follow other related articles on the PHP Chinese website!