Ethereum's price could reach $4,000 as Bitcoin struggles, with strong support and investor interest

From Investing.com

November 26, 2024 07:30 AM:

Ethereum’s price movement above $3,400 is attracting attention as Bitcoin struggles near $100,000. Historical trends show altcoins, led by Ethereum, gaining market share during Bitcoin corrections. Rising trading volumes, bullish indicators, and strong support at $3,000 suggest Ethereum could test $4,000 if it breaks $3,500. Investors favor Ethereum for stability amid Bitcoin’s decline.

With the 50-day EMA support and growing investor interest, Ethereum could lead the market’s bullish cycle if Bitcoin’s dominance continues to fade. Ethereum’s potential and ecosystem offer diversification during Bitcoin’s consolidation, potentially pushing its price higher. A rally to $4,000 is possible based on Ethereum’s strong foundation and past patterns, depending on how it navigates Bitcoin’s decline.

Read more at Investing.com: Ethereum (ETH) to Hit $4,000 as Bitcoin (BTC) Plummets? By U.Today