<ul><li>Ethereum's price has dipped below $2,600 after Bitcoin's retracement, but analyst Cas Abbe predicts a potential rebound as the altcoin aims to reclaim a crucial channel for a major upward trend.</li><li>Based on bullish past cycle trends, Cas Abbe suggests that Ethereum reclaiming the Gaussian Channel could propel its price towards $4,000, similar to previous significant rallies observed after retaking this channel.</li><li>Historically, reclaiming the Gaussian channel in 2020 led to a 1,300% growth in Ethereum's price, while in 2024, it caused a nearly 100% surge. Cas Abbe anticipates a surge to $4,000 by Q3 of 2025 if ETH reclaims the channel again.</li><li>Despite facing selling pressure, Ethereum has seen increased on-chain activity, with a spike in daily contract deployments indicating growing momentum for the network. Analyst Ted Pillows believes Ethereum's price could reach $10,000 driven by these improving fundamentals.</li></ul>

Ethereum Recovery In Sight: Key Channel Reclaim May Kickstart A Surge To $4,000

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