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Can Ethereum Price Return To $4,000? Analyst Says ETH Needs To Hold Above This Support

  • Ethereum price surged above $2,800 but fell towards $2,500 due to tensions in the crypto market.
  • Analyst Rekt Capital sees $2,500 as a crucial support level for Ethereum's price stability.
  • Historical data suggests that holding above $2,500 could lead Ethereum price back to $4,000.
  • Previous rallies to $4,000 following support at $2,500 were highlighted by Rekt Capital.
  • Ethereum's price last reached $4,000 in December 2024, potentially signaling a new altcoin season.
  • Current ETH price is around $2,577 with a 3% decline in the last 24 hours.
  • Ethereum Dominance has reached a five-year high, hitting 10% market dominance for the first time since 2020.
  • Improving Ethereum Dominance could lead to an extended upside run for the altcoin and a possible altseason.

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