A strong breakout on the technical chart will allow Ethereum to **60% again** from current levels.
Ethereum (ETH), the world's second-largest cryptocurrency, joined the Bitcoin market, rising above $40,000. As of press time, ETH is trading ***254%,* is $2,212 and has a market capitalization of $266 billion. The move extended ETH's weekly gains to more than 9%.
Ethereum soared to $3,500?
The report shows that Ethereum** will continue to be significant after breaking above $2,200 recently.
Ali Martinez, a well-known crypto analyst, said that the current Ethereum (ETH)* above $2,000 is a potentially positive** opportunity. Martinez noted that data provided by IntotheBlock indicates that 5.85 million wallets bought a large number of tokens at $1,900 to $2,100**, specifically 43.8 million ETH.
This data led Martinez to propose that this particular range could evolve into a significant support level for Ethereum in the coming years. As a result, Martinez asserted that it may not be too late for investors to consider entering the Ethereum market.
Cryptocurrency analyst Ali Martinez further predicts that if Ethereum (ETH)'s weekly candlestick** price continues above $2,150, then Ethereum's (ETH) trajectory will be promising. In this case, Martinez expects an exciting trend on ETH.
Martinez outlined Ethereum's specific goals, indicating that the cryptocurrency could reach $2,600 and potentially reach even higher levels, potentially soaring to $3,500. The analysis further indicates Ethereum's bullish outlook for some time to come.
What will happen to ETH** in December?
In the recent surge, Ethereum's ** broke through the key resistance level of $2,133, indicating the potential for further ** driven by buyers. Despite a small intraday ** 05%, but a retest of previously breached resistance remains significant. Confirming this level as a new support level confirms the buyer's ability to maintain a higher level.
In a long-term comparative analysis between Bitcoin and Ethereum, it is clear that both cryptocurrencies have experienced significant momentum since mid-October. It is worth noting that Bitcoin's recovery is striking, showing a stronger performance, which is characterized by the consistent achievement of higher highs and lows.
On the other hand, in the latest sustainability report, the Ethereum blockchain continues to make critical progress while slashing energy usage by 99%.