For the first time in over three years, Ethereum (ETH) has reached a significant price milestone of $4,100. This level has proven to be a key resistance point for investors, especially as the leading altcoin has struggled to break it during the bullish momentum that occurred in the first quarter of this year.

Ready for a rally if it breaks through the $4,000-$4,100 resistance?

Renewed bullish sentiment among cryptocurrency investors has led analysts to forecast potential up-to-date all-time highs for Ethereum, surpassing previous record in the amount of $4,878, set for November 2021.

For example, cryptocurrency analyst Justin Bennett noted on social media platform X (formerly Twitter) that ETH previously faced technical barriers in breaking the $4,000 threshold and admitted that Bitcoin was the market’s focus in December.

However, an analyst he emphasized that if the ETH price can successfully trade within the critical $4,000-$4,100 range in the miniature term, it could pave the way for a return to the all-time high zone, with the potential to reach the mid-$5,000 level, thus ending the current bullish channel for the altcoin.

Bennet also suggested that now is a good time for the ETH price to hit a up-to-date all-time high as he believes the altcoin could soon see “some of Bitcoin’s (BTC) gains” impact the Ethereum market.

Ethereum price will reach $15,937 by May 2025?

Adding to this bullish outlook, market expert VentureFounder shared even more sanguine forecastsexpecting extended bullish momentum for ETH over the next seven months and forecasting it to reach a up-to-date all-time high of $15,937 by May 2025.

VentureFounder tied this prediction to historical patterns, noting that the first quarter after Bitcoin Halving events typically initiates a rally towards up-to-date record highs. He further pointed out that Ethereum often enjoys a year of forceful performance after such halving events, the most recent of which occurred in April this year.

This year has already seen significant similarities to the past in both Bitcoin and Ethereum. Before the Bitcoin halving, cryptocurrency has experienced significant growth, driven in part by the approval of spot Bitcoin Exchange Trade Funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).

Meanwhile, Bitcoin’s price reached a up-to-date all-time high in March just above $70,000 and has since surged more than 50% to a up-to-date high of $107,000, despite challenging conditions in the second and third quarters price action.

Ethereum also saw significant growth, posting its strongest first quarter in over three years, rising from $2,260 in February to almost 100% in just 30 days. However, it remained below the $4,100 threshold until recently, consistent with Bitcoin’s upward trajectory.

Overall, VentureFounder’s analysis, along with the price movements of both Ethereum and Bitcoin this year, provides solid grounds to believe that ETH could be poised for significant gains in the coming months if expert forecasts and past patterns hold true.

As of this writing, ETH is trying to consolidate around $4,014. This level will be key to determining whether there will be further growth dynamics in the coming days or whether additional tests will take place. price support are on the horizon.

Featured image from DALL-E, chart from TradingView.com