---
title: "Ethereum Just “One Leg Away” From Reclaiming All-Time High, Market Expert Claims"
url: https://diffcoin.com/ethereum-just-one-leg-away-from-reclaiming-all-time-high-market-expert-claims/
description: "The recent price action of Ethereum shows that the crypto asset could be on the verge of reclaiming its all-time high."
published: 2024-12-09
updated: 2024-12-09
author: "Mila"
site: "Diffcoin"
---

# Ethereum Just “One Leg Away” From Reclaiming All-Time High, Market Expert Claims

Ethereum is portraying its position as a leader in the crypto market after its recent upward spike to the $4,000 mark, a level not seen for about three years. As ETH challenges resistance points, this notable rally toward the pivotal level has sparked strong confidence about its future performance.

## Can Ethereum Reach Its Current Peak?

The recent price action of Ethereum shows that the crypto asset could be on the verge of reclaiming its all-time high, achieved during the remarkable 2021 bull cycle. With ETH hitting the $4,000 mark again, Daan Crypto Trades, a market expert and trader, contends that the altcoin is just one leg away from a significant breakthrough.

Even though Ethereum’s rally to its current all-time high is taking longer than anticipated, the expert is confident that ETH will get to the level in the near term, possibly in 2025. However, the ETH/BTC pair is regaining some ground, which has increased altcoin’s overall strength in the market.

Furthermore, Daan Crypto Trades points out that Ethereum might be in a position to surpass its previous peak if it continues to push over important resistance levels, allowing the altcoin to move into a new stage of price discovery. “Price discovery for ETH generally makes for a very exciting market as a whole,” he stated.

With robust on-chain metrics and a resurgence of interest in the broader cryptocurrency landscape triggering optimism, ETH could witness a wave of new investors, prompting a potential upside movement in the upcoming weeks.

![Ethereum](https://bitcoinist.com/wp-content/uploads/2024/12/Ethereum-chart-from-Daan-Crypto-Trades.png?resize=640%2C382)

ETH gearing up for a rally to its all-time high | Source: Daan Crypto Trades on X

ETH’s path to a new all-time is also highlighted by Titan of Crypto, a technical analyst, and investors in a recent analysis. This prediction is based on a growing positive trend cited on the Ethereum Rainbow chart, a technical tool that assists traders in visualizing the long-term price trend of a crypto asset.

In the Rainbow chart, ETH is currently positioned in the yellow zone, which is between the $3,070 and $4,429 price levels. However, should the altcoin move into the orange zone of the Rainbow chart in a conservative scenario, Titan of Crypto believes ETH could peak between $6,400 and $9,000.

Additionally, the expert highlighted that the upside growth may extend, pushing Ethereum into the red beyond the $9,300 threshold, demonstrating his confidence in ETH’s long-term prospects.

## ETH’s Price Turns Bearish

Ethereum has displayed notable resilience in the ongoing bull market. Nonetheless, after a week of upside movement, the crypto asset has taken a hit as its price has turned bearish, heading toward $3,800 once more.

This sudden drop is due to a strong resistance at the $4,000 threshold, a level believed might serve as a precursor for more price growth. Despite the decline, investors’ confidence in ETH continues to stay strong, reflected by an over 33% increase in trading volume in the past day.

![Ethereum](https://www.tradingview.com/x/4HbBw3s2/)

ETH trading at $3,866 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Unsplash, chart from Tradingview.com

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