Ethereum's price remains strong as it consistently holds around the $4,000 resistance level, closing the week on a positive note. The cryptocurrency has gained 62% over the past year, although it lags behind some other cryptocurrencies in terms of performance.
Analysts like Pentoshi highlight Ethereum's highest weekly close of the year, suggesting limited resistance on its path toward a new all-time high. This bullish outlook is shared by other crypto analysts.
CryptoPoseidonn, another analyst, predicts Ethereum's price could surge to between $6,000 and $11,400 if it continues following Fibonacci levels. Fundamentals of Ethereum are reported to be strong, supporting potential growth in its price.
