$MASKS

Despite the 6.6% decline in the price of Ethereum last week to reach around $3,100 after the launch of Ethereum Cash ETFs, analysts are still optimistic about a significant increase in the price of the digital currency.  Key indicators and technical patterns suggest that Ethereum is poised for a major rally, with its price likely to surpass $4,000.  Analysis shows that Ethereum is currently in a corrective phase, testing important Fibonacci levels and the 200-day moving average.  Despite the outflow of capital from Ethereum ETFs, the fundamental outlook of this digital currency is evaluated positively.  Analysts believe that maintaining the support above $3,200 can pave the way for reaching the price targets of $4,000, $4,500 and even $4,900.