Ethereum has been struggling to clear the $4,000 resistance. It suffered fresh declines of around 3% on Monday that pulled its price down to $3,850.
Despite this, experts suggest that a new peak could be just around the corner owing to a strong weekly close.
Ethereum ATH Soon?
Pseudonymous crypto trader Pentoshi’s analysis suggests that Ethereum is experiencing significant “structural shifts,” similar to Bitcoin’s recent developments. ETH has just recorded a higher high and achieved its highest weekly close of the year, signaling strong upward momentum.
According to Pentoshi, the absence of substantial resistance between the current price and its all-time high suggests that the leading altcoin may be drawn toward this level, much like a “magnet.” Beyond this critical milestone, he sees a clear path for further growth, with minimal barriers to sustained upside potential. This could be supported by the growing presence of large ETF flows, signaling increasing institutional in
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