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Ethereum: Is 4,000 USD within reach, or were the last 24 hours a false alarm?

Ethereum experienced a notable 4% increase in value over the past 24 hours, reviving hopes for investors. This surge has led to 7.57 million addresses that acquired ETH at 3,367 USD now entering profitable territory.

The overall cryptocurrency market cap has jumped by 3.22%, providing a backdrop for Ethereum’s potential to reach 4,000 USD. However, increased trading activity in futures suggests volatility, as significant amounts of open interest have been recorded.

While Ethereum’s recent gains have attracted attention, it remains subject to profit-taking risks. Large investors, including the Trump family’s firm, are accumulating ETH, reflecting confidence amid uncertainties. The battle for 4,000 USD is on.

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