- Ethereum touches $3,700 amid bullish momentum.
- Technical indicators suggest a move beyond $4,000.
- A key setup forecasts a potential run to $4,811.71.
Ethereum is back in the spotlight, climbing past $3,700 as fresh bullish sentiment takes hold. Despite recent market turbulence, this price movement has sparked optimism among traders and analysts alike.
Technical indicators now suggest a return to the $4,000 level may not be far off. What’s more, some models are forecasting a breakout towards $4,811.71, which would mark a significant recovery and potentially signal the start of a larger uptrend for Ethereum.
$4,000 Is the First Major Barrier
Ethereum’s current price action shows strong buying support around the $3,500–$3,700 zone. The $4,000 mark represents a key psychological and technical barrier that, once broken, could open the door for a more aggressive bull run.
Previous price cycles show that Ethereum tends to gain rapid momentum after reclaiming $4,000, especially when paired with rising trading volumes and on-chain activity. A sustained close above $4,000 would likely confirm the bullish breakout.
All Eyes on the $4,811 Target
A recent setup derived from Fibonacci extensions and long-term trend analysis points to a price target of $4,811.71. While such projections are speculative, they often serve as reference points for traders and institutions.
If Ethereum maintains its current trajectory, this level could become a realistic target, especially as anticipation builds for broader crypto market recovery and future Ethereum upgrades.
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