ETH Price Eyes $4K as Market Holds Strong Despite Bitcoin Drop
The cryptocurrency market saw a sharp decline recently, with Bitcoin dropping to $115,000. However, Ethereum remains resilient, with indicators suggesting it could still reach the $4,000 mark.
While Bitcoin’s sell-off impacted many altcoins, ETH has shown relative strength. Market data reveals sustained demand for Ethereum, keeping its price trajectory intact. Analysts note that key support levels held firm, preventing a deeper correction.
One factor contributing to ETH’s stability is the growing activity in decentralized finance (DeFi) and non-fungible tokens (NFTs), both heavily reliant on the Ethereum network. Institutional interest also remains strong, with Ethereum-based investment products seeing steady inflows.
Traders are watching the $3,500 level closely. A sustained hold above this price could pave the way for a retest of $4,000. Despite broader market volatility, Ethereum’s fundamentals and ecosystem growth continue to support bullish sentiment.
While Bitcoin’s movements often dictate market trends, Ethereum’s independent strength suggests it may be entering a phase where it decouples from BTC’s influence. If the current momentum holds, ETH could soon challenge its previous highs.
