Ethereum’s Price Momentum May Reach $4,000

Despite a recent price dip of 6%, Ethereum traders remain optimistic about the near-term future. Renowned trader Ali Martinez predicts a resurgence, anticipating ETH could reach $4,000 within the coming weeks. His prediction is based on positive indicators such as the rising MVRV ratio, increasing whale wallet activity, and growing withdrawals from exchanges. The crucial $2,200 support level remains key in maintaining this upward momentum.