Ethereum, the second-largest cryptocurrency based on market value, is expected to make a more than 53% surge, potentially reaching the psychological threshold of $4,000. Renowned market analyst Javon Marks believes that the bullish run is imminent, as Ethereum has been making incredible progress towards this goal.
If this bullish prediction is successful, Ethereum could surpass its current all-time high (ATH) of $4,878, which was reached in November 2021. Ethereum’s recent break out of an inverse head and shoulder pattern, a bullish reversal formation, indicates a trend change from downward to upward, which has led to positive developments and boostd resilience within the network.
