Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is steadily aiming for the psychological price of $4,000. With an 8% gain in the past week, ETH currently trades at $3,400. Analysts see $3,800 and $4,000 as critical targets, while $3,000 provides strong support.
Ethereum’s Journey Toward $4,000
Ethereum has been on a steady upward trajectory, gaining 8% over the past week. Currently priced at $3,400, the token is only $600 away from the highly anticipated $4,000 milestone. Investors are closely monitoring price movements as ETH maintains its bullish momentum.
ETH/USD 4-hours chart - TradingView
Key Support Levels for Ethereum
The $3,000 mark acts as a strong support level for Ethereum. If prices fall below this level, ETH could face further declines. However, such a scenario would likely coincide with Bitcoin losing its momentum and breaking below $95,000, signaling broader market corrections.
Ethereum Price Prediction: What’s Next?
The immediate targets for Ethereum are $3,800 and the psychological barrier of $4,000. If ETH breaks through these levels, it could pave the way for new highs, fueled by strong investor confidence and growing adoption of the Ethereum network.
ETH/USD 4-hours chart - TradingView
How to Trade Ethereum on Bitget
If you’re looking to trade Ethereum, Bitget offers a seamless and user-friendly platform. Follow these steps to get started:
- Open an Account: Visit the Bitget website and sign up using your email address or phone number.
- Complete Verification: Verify your identity by providing the required documents for KYC (Know Your Customer) compliance.
- Make Your First Deposit: Fund your account using fiat currencies or cryptocurrencies. Bitget supports a wide range of payment methods.
- Start Trading Ethereum: Navigate to the trading section, search for Ethereum (ETH), and place your trades using market or limit orders.
