Ethereum (ETH) breached $4,000 on Friday for the first time since December 2024, sending investors bullish over Ether’s future forecasts. $4k is a challenging spot for ETH, as the asset is looking to set a new lower resistance at $3,900, and staying consistently around its current price is crucial to succeeding that.

ETH’s latest rally comes amid a market-wide rebound. Bitcoin (BTC) has reclaimed the $116,000 price point. The global crypto market cap is also inching closer to the $4 trillion mark. The rally is likely due to President Trump allowing retirement funds to invest in crypto assets. Additionally, ETH’s rally is also likely fuelled by consistent ETF inflows. BlackRock and other financial institutions have bought substantial amounts of ETH over the last few months. Corporate treasuries are also hoarding up on ETH and BTC.

According to CoinCodex ETH analysts, ETH is expected to continue rallying over the coming months. CoinCodex predicts ETH to hit a new all-time high of $6353.11 on Oct. 19 of this year. “Crypto analysts expect that at the end of summer 2024, the ETH price will be around $3,960.72. In August 2025, the cost may drop to a minimum of $3,600.01. The expected peak value might be $4,321.42 in August 2025.” Hitting $6353.11 from current price levels will entail a rally of over 60%.

Several crypto analysts on X are also bullish, projecting major rallies for ETH in the coming months. Analyst Titans of Crypto on X suggests Ethereum’s chart is showing a bullish pennant formation. If it is confirmed, then the development may help the token hit $5000 soon.

“Ethereum Bull Pennant: $5,000 in Sight. A bull pennant is shaping up on #ETH.If it confirms, the technical target stands at $5,000.”

On the other hand, there is also a chance that ETH will face a correction over the next few days. Global trade wars and economic uncertainty may present considerable challenges to the crypto market. Tariffs have had many consequences for the stock and crypto markets. How things unfold is yet to be seen.

Ethereum (ETH) breached $4,000 on Friday for the first time since December 2024, sending investors bullish over Ether’s future forecasts. $4k is a challenging spot for ETH, as the asset is looking to set a new lower resistance at $3,900, and staying consistently around its current price is crucial to succeeding that.

ETH’s latest rally comes amid a market-wide rebound. Bitcoin (BTC) has reclaimed the $116,000 price point. The global crypto market cap is also inching closer to the $4 trillion mark. The rally is likely due to President Trump allowing retirement funds to invest in crypto assets. Additionally, ETH’s rally is also likely fuelled by consistent ETF inflows. BlackRock and other financial institutions have bought substantial amounts of ETH over the last few months. Corporate treasuries are also hoarding up on ETH and BTC.

According to CoinCodex ETH analysts, ETH is expected to continue rallying over the coming months. CoinCodex predicts ETH to hit a new all-time high of $6353.11 on Oct. 19 of this year. “Crypto analysts expect that at the end of summer 2024, the ETH price will be around $3,960.72. In August 2025, the cost may drop to a minimum of $3,600.01. The expected peak value might be $4,321.42 in August 2025.” Hitting $6353.11 from current price levels will entail a rally of over 60%.

Several crypto analysts on X are also bullish, projecting major rallies for ETH in the coming months. Analyst Titans of Crypto on X suggests Ethereum’s chart is showing a bullish pennant formation. If it is confirmed, then the development may help the token hit $5000 soon.

“Ethereum Bull Pennant: $5,000 in Sight. A bull pennant is shaping up on #ETH.If it confirms, the technical target stands at $5,000.”

On the other hand, there is also a chance that ETH will face a correction over the next few days. Global trade wars and economic uncertainty may present considerable challenges to the crypto market. Tariffs have had many consequences for the stock and crypto markets. How things unfold is yet to be seen.