<ul data-eligibleForWebStory="true"><li>Ethereum is showing strong momentum in the crypto market, with a 3.5% gain in the past 24 hours and 4.3% over the past week.</li><li>Analysts suggest Ethereum is on the brink of a massive recovery, displaying signs of compression and potential volatility.</li><li>Ethereum is currently trading around $2,600 and is trapped between critical levels at $2,851 and $2,168.</li><li>Daan Crypto advises caution to traders as Ethereum consolidates and warns of potential price movements.</li><li>Analysts predict that if Ethereum breaks above $2.8K and holds, it could target cycle highs around $4K.</li><li>The Ethereum dominance chart indicates a potential upcoming volatile move, signaling a shift from the current range.</li><li>A rally in Ethereum could spark a broader altcoin season, leading to an overall upward trend in the crypto market.</li><li>Jameson Lopp suggests that the upcoming alt season might be triggered by new equities on traditional finance exchanges rather than new tokens on crypto exchanges.</li></ul>

Ethereum’s $4K Target Within Reach, Here’s What Needs to Happen First

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