Analyst Says '$ETH Is on Edge of Having a New All-Time High North of $5,000'

Ether has shown notable trading activity, initially rising before facing a rejection at the $3,860–$3,880 resistance band, which resulted in a decrease to $3,820. Despite this, a crypto analyst, Michaël van de Poppe, asserts that Ethereum is the leading ecosystem for investment and that ether is on the verge of new all-time highs beyond $5,000. The article details that ETH gained 1.50% to $3,822.60, with volume surpassing the seven-day average by 19.01%. Analysts recommend watching for a clean reclaim of $3,880 to potentially retest the previous high of $3,887.35, indicating a shift in market control back to buyers. Current support levels are identified between $3,680–$3,720, with traders remaining cautious due to recent lower highs as they await clearer market signals before making further moves.

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