During the London market session, Ethereum's price showed a signal by moving above $3,200, indicating a potential rally. This movement may represent a post-rally pullback, providing buyers an opportunity to recover and recharge the bullish momentum.
The broader market recovery, stimulated by Bitcoin's surge, further supports Ethereum's rebound. As confidence amongst ETH buyers increases, a price rally towards $4,000 becomes a viable expectation.
The overall market dynamics hint that Ethereum may be on the cusp of further gains, potentially reaching $4,000 before month's end, as long as these conditions hold.
