Ethereum is making headlines with predictions suggesting its price could surge by over 20% this month. The question everyone's asking is whether ETH can reach $4000. Currently, Ethereum's price is near $3500 as it breaks out of a recent consolidation phase.
However, the price movement is not without its challenges. The second-largest cryptocurrency saw significant outflows from ETFs, tallying over $77 million during the last trading day. This large outflow might have been a factor in dragging Ethereum's levels slightly lower than expected.
Market watchers are eagerly waiting to see if Ethereum can overcome these headwinds and achieve the bullish target.
