Ethereum Soars 45% in a Month—Is $4K the Next Stop?

Ethereum’s bull run just hit overdrive—up 45% in 30 days. Traders are now eyeing that elusive $4,000 price target like Wall Street eyes a bailout opportunity.

What’s fueling the surge? Network upgrades, institutional interest, and the usual cocktail of crypto hype. But let’s be real—half the rally probably came from a hedge fund intern misplacing a decimal.

Key levels to watch: If ETH clears $3,500 resistance, the path to $4K opens up. Fail? Well, there’s always the ’long-term hold’ narrative to fall back on.

One thing’s certain: The charts don’t lie, but the ’fundamentals’ sure get creative when the leverage starts unwinding.

Cryptocurrencies Consolidate As Investments Slow Down

ETH’s recent rally was further supported by a spike in institutional investments in the crypto market. Bitcoin (BTC) saw a new peak of $111,814 on May 22. The rally was likely due to a surge in institutional investments. The rally has since slowed down. BTC’s price has fallen to the $109,000 level amid a dip in institutional inflows.

ETH’s Pectra was incredibly well-received by the community. The upgrade will likely lead to more burns for the ETH ecosystem. Burns saw a drastic dip over the last few years.

Ethereum (ETH) may make another bullish turnaround over the coming weeks. The Federal Reserve may cut interest rates after its next meeting. A rate could lead to more risky investments.

When Will Ethereum Reclaim $4000?

ETH last traded above the $4000 mark in December 2024. The asset has experienced quite a price dip since December.

According to Changelly, ethereum (ETH) will not breach the $4000 mark this year. The platform anticipates the second-largest crypto by market cap to hit the $4000 mark in April 2026.

Telegaon analysts are more bullish on ETH than Changelly. The platform expects ETH to climb to a new all-time high of $6589.17 this year. ETH will face a 150% rally if it hits $6589.17 from current price levels.