• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum May Reach $4,000: What Influences Its Price?

user avatar

by Giorgi Kostiuk

6 months ago


The cryptocurrency market is witnessing a surge in activity, particularly with Ethereum (ETH) gaining significant traction. The question remains, can it return to the $4,000 mark?

How Has Ethereum Performed Recently?

Recent market analyses reveal that Ethereum experienced a 2.2% price increase in just one day, bringing its value to $3,267.90. This rise was propelled by a shift from $3,219.69 to $3,319. However, some critical metrics, such as trading volume, are witnessing notable declines, with a 57.57% drop to $13.25 billion, suggesting decreased liquidity.

What Factors Could Influence Ethereum's Price?

The price trajectory of Ethereum is also being influenced by trading activities of significant holders. Data from IntoTheBlock indicates that large investors moved approximately 1.96 million ETH, valued around $6.37 billion, recently. This movement reflects the cautious strategies employed by major players in the market.

- Ethereum has made multiple attempts to breach the $4,000 resistance level since December 17. - Recent trading pressures have affected its Relative Strength Index (RSI), indicating potential oversold conditions. - Asset managers predict a price target of $7,000 for Ethereum, highlighting optimism about its future. - The increase in Ethereum HODLs suggests growing confidence among holders about long-term prospects.

Developments in Ethereum's Ecosystem

Developments in Ethereum’s ecosystem, including the anticipated launch of the Pectra upgrade by the end of the first quarter, contribute to a cautiously optimistic outlook. Moreover, a subsequent upgrade, Fusaka, is in the works, indicating continuous technical improvements. Such advancements may not only boost short-term prices but also enhance overall market confidence throughout the year.

Current market movements and the expected technological upgrades in Ethereum create conditions for potential strengthening of its position. However, the outcome relies on a combination of market conditions and the success of technological enhancements.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Trump Media's ETF Application for Bitcoin and Ethereum Could Transform the Crypto Market

chest

Trump Media has filed for an ETF focusing on Bitcoin and Ethereum, potentially expanding investment options for crypto investors.

user avatarGiorgi Kostiuk

Murano Hotel Chain Decides to Add Bitcoin to Its Assets and Consider BTC Payments

chest

Murano hotel chain has started acquiring Bitcoin and plans to accept BTC as a payment method, following global trends.

user avatarGiorgi Kostiuk

Regulatory Scrutiny: Robinhood's New Stock Tokens Under Investigation

chest

Regulatory concerns emerge over Robinhood's stock token offering in the European Union, prompting an investigation by Lithuania's central bank.

user avatarGiorgi Kostiuk

Dubai Approves First Tokenized Money Market Fund for Institutional Investors

chest

The Dubai Financial Authority has approved the QCD Money Market Fund, utilizing traditional assets on blockchain for institutional use.

user avatarGiorgi Kostiuk

Cardano (ADA): Prices and Predictions for July 2025

chest

Cardano is fluctuating around $0.58. Let's examine possible support and resistance levels for ADA in the near future.

user avatarGiorgi Kostiuk

Market Insights: Bitcoin Holds Steady, Altcoins on the Rise

chest

Expert Dylan shares his forecasts on cryptocurrencies, including Bitcoin, Ethereum, and Solana.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.