Experts Predict Ethereum's Clear Path to ATH Amid Bullish Structural Shifts

ethereum has been struggling to overcome the $4,000 resistance. It suffered further declines of around 3% on Monday that brought its price down to $3,850.

Despite this, experts suggest that a new peak could be just around the corner due to a strong weekly close.

ethereum ATH soon?

Pentoshi, pseudonymous cryptocurrency trader <a target="_blank" href="https://x.com/Pentosh1/status/1865959355876569194″ target=”_blank” rel=”noopener” data-wpel-link=”external”>analysis suggests that ethereum is undergoing major “structural changes,” similar to recent bitcoin developments. eth just posted a higher high and achieved its highest weekly close of the year, indicating strong bullish 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 towards this level, as if it were a “magnet.” Beyond this critical milestone, he sees a clear path for further growth, with minimal barriers to sustained growth potential. This could be supported by the growing presence of large ETF flows, indicating growing institutional interest in ethereum.

ethereum surpassed the $4,000 price level last week for the first time since March 2024, but its all-time high of $4,878, recorded in November 2021, remains intact. Subsequent corrections caused the price to drop further. But chain data <a target="_blank" href="https://x.com/intotheblock/status/1866040589797519660″ target=”_blank” rel=”noopener” data-wpel-link=”external”>reveals There are few resistance levels ahead, indicating that ethereum is positioned to challenge this previous all-time high.

Additionally, Bankless podcast host Ryan Adams also suggested in a recent x <a target="_blank" href="https://x.com/ryansadams/status/1865965881014059105?” target=”_blank” rel=”noopener” data-wpel-link=”external”>mail that a new ethereum all-time high “could occur” over the next week.

However, not everyone foresees a new record for ethereum this year. While cryptocurrency trading firm QCP Capital maintains a bullish outlook on ethereum, provided that price action will remain range-bound during the holiday season. Historically, it peaks in January after the halving, a sentiment that is reflected in the options market and calls are preferred after that.

ethereum's “jump or die” moment

ethereum is currently retesting a critical three-year trend line, and the next price move will have significant implications. If the cryptocurrency manages to bounce off this line, it could trigger a rapid and volatile rally, pushing prices to new highs.

However, if the price does not hold and falls below this level, an analyst <a target="_blank" href="https://x.com/DevKhabib/status/1866059484860453188″ target=”_blank” rel=”noopener” data-wpel-link=”external”>predict that ethereum could revisit the $3,500 range. This moment is described as a “jump or die” scenario for the token.

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