Ethereum is gaining bullish support as it nears $3,800, with Myriad traders giving it a 63.6% chance of surpassing its all-time high of $4,891 by December 31, 2025. After a significant 58% price surge in July, ETH's performance raises optimism, yet challenges persist. The cryptocurrency has struggled to break through the $4,000 barrier multiple times since 2021. Technical indicators show a potential golden cross, signaling positive momentum, while the Relative Strength Index (RSI) remains elevated yet offers room for growth. A critical resistance area exists between $3,890 and $4,200, necessitating substantial trading volume to overcome it. For ETH to claim the new all-time high, it must convincingly breach $4,103 on a weekly close, maintain an ADX above 25, and ensure previous resistance levels act as support. Analysts suggest that trading dynamics may shift around the holiday season, impacting liquidity, but a single upward price spike could still lead to a record high, emphasizing the volatile nature of the crypto market.

Source 🔗