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Ethereum Rises, Analysts Predict Further Upside Potential
2025-07-25 02:01
ETH
+1.02%
ETH Price Recovery Fuels Optimism in Altcoin Market
Ethereum (ETH) is once again drawing significant attention in the crypto industry after demonstrating stable gains above the $3,600 level. With increasing institutional interest and a growing positive market sentiment, Ethereum is showing potential for further upside. Market participants and investors are now eyeing a new resistance target at $4,500 as the next psychological level. In this dynamic environment, Ethereum maintains its position as the second-largest cryptocurrency by market capitalization, supported by a highly active ecosystem.
Price Strengthening and On-Chain Data Support
According to recent data from CoinDesk and Reuters as of June 6, 2024, Ethereum's price has been stable above $3,600. Market analysts from Bloomberg emphasize that a strong support area has been maintained, forming a positive foundation for future price movements. The key resistance anticipated is around $4,500. "ETH price still has room to move higher," an analyst told Reuters, indicating significant buying interest. Ethereum's daily trading volume has seen an 18% increase in the last 24 hours, showing consistent liquidity momentum in both spot and derivatives markets.