Ethereum (ETH) Price Surge: Approaching $4,000 – Key Levels to Watch Next

<ul>
    <li>Ethereum is nearing the $4,000 mark, sparking interest in its future price movements.</li>
    <li>The recent approval of Ethereum ETFs by the SEC has provided significant market tailwinds.</li>
    <li>Bernstein predicts the combined market cap of Bitcoin and Ethereum ETFs could reach $450 billion in the next few years.</li>
</ul>
<p><strong>Ethereum price nears $4,000 as SEC approval of ETFs boosts market confidence. Key levels to watch for future price movements.</strong></p>
<h2><strong>Ethereum Price Prediction – Here Is The Next Key Level to Watch</strong></h2>
<p>The next obvious target for Ethereum bulls is a retest of the 2024 highs near $4,100. This will be a major resistance zone. However, once sell pressure in this area is overcome, the door opens to a sustained rise back to the 2021 highs near $4,900. There isn’t much technical resistance to block a rally back to Ethereum’s prior peaks. Once the price surpasses its previous highs, Ethereum will enter a phase of price discovery.</p>
<h3><strong>Potential for Significant Gains</strong></h3>
<p>During its 2020-2022 bull run, Ethereum reached the 3.618 Fibonacci extension level from its 2018 highs near $1,400 to its 2018 lows under $80. If Ethereum can replicate this feat, it could approach $15,500. Alternatively, reaching the 2.618 Fibonacci extension beyond its 2021 record highs from the 2022 lows would mean surpassing $11,000.</p>
<h3><strong>Conclusion</strong></h3>
<p>Ethereum's price is poised for potential significant gains, especially with the recent SEC approval of Ethereum ETFs. Investors should watch the $4,100 level as a key resistance point. If Ethereum can break through this level, it could be on a path to new record highs. The alleviation of regulatory uncertainty and the growing interest in crypto ETFs could drive Ethereum’s price higher in the coming months.</p>