Cryptocurrency investors witnessed a positive weekend as altcoins, especially in the gaming sector, experienced significant gains, dispelling bearish sentiments. Analysts, like Jelle, have offered optimistic forecasts for Ethereum's future. The recent price surge of Ethereum to nearly $1,000 has created a favorable environment for the broader altcoin market. Jelle projects Ethereum testing the $4,200 level soon. Ethereum is currently valued at $3,817, with a potential 10% increase upon hitting $4,200. The success of spot Ethereum ETFs could have a substantial impact on Ethereum's market value. Surpassing previous peaks is crucial for Ethereum to aim for $6,000 and $8,000 targets. The expected Federal Reserve interest rate cuts may further fuel growth.