Experts predict clear path for Ethereum to ATH amid bullish structural changes

Ethereum has been struggling to clear the $4,000 resistance. On Monday, it suffered further declines of 3% that reduced its price to $3,850.

Despite this, experts suggest that a new peak could be around the corner due to a strong weekly close.

Ethereum ATH soon?

Analysis of crypto trader pseudonym Pentoshi suggests that Ethereum is undergoing significant “structural changes”, similar to Bitcoin’s recent developments. ETH just posted a higher high and achieved its highest weekly close of the year, indicating strong bullish momentum.

According to Pentoshi, the absence of substantial resistance between the current price and its all-time high suggests that the leading altcoin may be drawn to this level, like a “magnet.” Beyond this critical milestone, he sees a clear path for further growth, with minimal barriers to sustained upside potential. This could be supported by the growing presence of large ETF flows, indicating growing institutional interest in Ethereum.

Ethereum broke the $4,000 price level last week for the first time since March 2024, but its all-time high of $4,878, recorded in November 2021, has not been touched. Subsequent corrections pushed the price down further. But, on-chain data reveals few resistance levels ahead, indicating that Ethereum is positioned to challenge this previous all-time high.

Additionally, Bankless podcast host Ryan Adams also suggested in a recent X post that a new all-time high for Ethereum “could happen” in the coming week.

However, not everyone is predicting a new record for Ethereum this year. While crypto trading firm QCP Capital maintains a bullish view on Ethereum, it predicted that price action will remain limited during the holiday season. Historically, it peaks in January after the halving, a sentiment reflected in the options market with calls favored thereafter.

Ethereum’s “Jump or Die” Moment

Ethereum is currently retesting a critical three-year trend line, with the next price move having major implications. If the cryptocurrency manages to bounce back along this line, it could trigger a quick and volatile rally, pushing prices to new highs.

However, if the price does not hold and breaks below this level, one analyst predicts that Ethereum could revisit the $3,500 range. This moment is described as a “jump or die” scenario for the witness.

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