Ethereum trades in the $3.8K zone over the past 24 hours.
The market saw $85.87 million worth of Ethereum liquidated.
Following a period of consolidation within $99K–$95K, Bitcoin touched the $100K mark on December 5, propelling the second largest cryptocurrency, Ethereum, and other leading altcoins to new highs. ETH has been marking its upward trajectory for the past few days.
Analysts believe that if Ethereum could stage strong bullish signals, it could not only hit $4K but also have the potential to reach the $5K level. Despite the minimal dips, ETH climbed higher following Bitcoin’s momentum. The altcoin looks forward to extending its gains.
Notably, Ethereum price has rallied to the $3.9K range, opening the gate to achieve more gains in the upcoming altcoin season. An immediate catch at $3.9K could target $4K.
As of Friday, December 6, Ethereum’s price has spiked by 1.22%, testing a high and low of $3,683 and $3,956, respectively. At press time, ETH trad
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