- Altcoin Ethereum is titled as the strongest asset in the crypto market.
- The price of ETH is expected to hit new ATH prices soon.
- ETH price is expected to surge between $8,000 and $15,000.
As Bitcoin Dominance falls to 59% and prepares to dip even lower, reputed analysts declare that Ethereum (ETH), the pioneer crypto asset, the strongest asset in the crypto market at the moment. As ETH price breaks out of the major resistance zone at $4,100, it unlocks the path to claim bigger bullish targets of $8,000 and above. Analysts gather with the crypto community to watch ETH price closely.
ETH Price Breaks Out of Major Resistance
According to CoinMarketCap analytics, the price of ETH is currently at the $4,230 price range, signaling that the asset is up by 8.%9% over the last 24 hours. Currently, Ethereum boasts a total market cap of $510,294,903,253.3 and a 24-hour trading volume of $50,244,625,501.38. This highlights how the asset is only under 14% away from reclaiming its previous ATH price set 4 years ago at $4,891.70.
Analysts see several bullish pumps in play for ETH, especially since the pioneer crypto asset just recently reclaimed the $3,900 price range just a few weeks ago. Since then, it has been hinting at reclaiming the $4,000 target. Now, in just under a few hours, the price of ETH has not only reclaimed the $4,000 price range, but has rapidly blown past the $4,100 and $4,200 price ranges.
As we can see from the post above, this reputed market entity declares that ETH is still the strongest asset in the crypto market. It also highlights how ETH is following the LTF plan well, and believes that ETH is close to a top, most likely with a deviation above $4K. The analyst shares how he will be setting spot bags between the $4,000 and $4300. Responses to the post show that other analysts are going to hold till ETH hits $5,000 and $6,000 at least.
Meanwhile, another crypto research entity highlights how ETH has been trying to reach $4,000 since December 2024, and is pleased to see that the asset has not only reclaimed this price target, but has also gone on to surpass it. As the post above confirms, ETH reclaiming $4,000 means that 95% of on-chain holders are now in profit, a wonderful feeling after ETH’s repeated market correction since December 2024.
Unlocks Higher Bullish Price Targets
Now that ETH is back in the bull range, the pioneer altcoin asset is preparing to enter a price discovery phase, as many analysts have been eagerly waiting for. From here, the price of ETH is set to reclaim its previous ATH price in the $4,800 price range and go on to hit new ATH price targets from $4,900 to $5,000 and push higher. Presently, bullish targets of $8,000 to $15,000 are expected for ETH this year.