Ethereum (ETH) experienced a huge price increase earlier this month. The asset price took off after the Pecting upgrade began. ETH’s Rally has since subsided. Despite the swallow, ETH is still shopping in the green zone. Access has increased by 2.7% in daily charts, 4.1% in the weekly clips, 6.1% in the 14-day diagrams and 45.5% compared to the previous month. Despite the incredible outbreak, ETH’s price is still down by 32.4% since May 2024.
Cryptocoirs consolidated when investments brake
ETH’s latest rally is further supported by a peak in institutional investments in the crypto market. Bitcoin (BTC) saw a new top of $ 111,814 on May 22. The rally was probably due to an increase in institutional investments. The rally has since subsided. BTC’s price has dropped to the level of $ 109,000 in the middle of a dip in institutional inflows.
Ethereum (ETH) may make another causal turn in the coming weeks. The Federal Reserve can lower interest rates after the next meeting. A tax rate can lead to more risky investments.
When will Ethereum recover $ 4000?
ETH was last traded over $ 4000 brand in December 2024. The supply has experienced a fairly price dip since December.
According to Changelly, Ethereum (ETH) will not break the $ 4000 mark this year. The platform expects the second largest crypto after marketing to hit the $ 4000 mark in April 2026.
Telegaon analysts are more hausse at ETH than Changelly. The platform expects ETH to climb to a new highest time of $ 6589.17 this year. ETH will meet a 150% rally if it hits $ 6589.17 from current price levels.
