Ethereum (ETH) has reached a significant price point by testing the $4,500 resistance level. Analysts predict further growth associated with institutional investments.
Testing the $4,500 Resistance
Currently, Ethereum is trading near $4,415, showing bullish momentum after rebounding from the $4,300 support level. If ETH manages to break through the $4,500 resistance, analysts predict that the next major target could be $5,000.
Comparison to Bitcoin's Cycle
Some market strategists are comparing Ethereum’s current market structure to Bitcoin’s accumulation phase of 2020-2021. Analyst Ted Pillows noted that Ethereum shows signs of entering a mid-cycle correction similar to Bitcoin’s behavior before its explosive breakout, indicating potential price increases in the coming months.
Institutional Demand and Long-Term Prospects
Increasing institutional demand also supports Ethereum’s long-term growth. Blockchain data revealed that BitMine recently acquired $204 million worth of ETH, signaling institutional confidence. Forecasts suggest Ethereum could become a cornerstone asset for institutional portfolios as it integrates with artificial intelligence and network upgrades enhance its adoption.
The overall outlook for Ethereum remains positive, particularly with the growing interest from institutional investors, which may support its long-term development.
