Ethereum Shoots Past $3,700 – Will It Hit $4,000 Next?

Ethereum is on a strong upward trajectory, rising more than 6% in the past 24 hours to reach a current price of $3,700. While Bitcoin recently smashed through its all-time high, Ethereum still lags behind its ATH of $4,810.

Ethereum’s Price Surge: Over 6% in 24 Hours

Ethereum has been on a bullish run, gaining over 6% in the past 24 hours to reach $3,700. This surge reflects the market’s renewed interest in altcoins, especially as Bitcoin nears the $100,000 mark.

Unlike Bitcoin, which has recently breached its ATH, Ethereum remains below its record high of $4,810. Despite this, Ethereum’s consistent growth indicates strong fundamentals and increasing adoption, making it a key player in the crypto market.

ETH/USD 4-hours chart – TradingView

Bitcoin Leads the Market While Ethereum Lags Behind

Bitcoin’s unprecedented rally has pushed its price beyond $70,000, inching closer to the $100,000 milestone. This surge has set a bullish tone for the market, driving interest in altcoins like Ethereum.

Ethereum, however, has yet to reclaim its ATH of $4,810, achieved during the 2021 bull run. Analysts believe this divergence presents an opportunity for Ethereum to catch up as Bitcoin’s dominance sets the stage for broader market growth.

Ethereum Price Prediction: What’s Next?

Ethereum’s price outlook remains cautiously optimistic, with analysts setting short-term targets between $4,000 and $4,200. These levels are seen as achievable if market conditions remain favorable and Bitcoin continues to rally.

ETH/USD 4-hours chart – TradingView

However, the possibility of a dip to $3,200 cannot be ruled out. A retest of this level would provide a strong support base for Ethereum to build momentum toward $4,000 and beyond.

Source