Ethereum on the rise: ETH rises 15% in a month and holds steady above $4,000

Ethereum on the rise: ETH rises 15% in a month and holds steady above $4,000

Ethereum price forecast: A look at current developments

Over the last 30 days, the price of Ethereum (ETH) has gained an impressive 15%. This positive development is due to several factors, including activity in the DeFi (decentralized finance) space and the growing popularity of memecoins.

Currently, Ethereum has retested the important level of $4,350 and was able to maintain the support at $4,000. This is a crucial point as this support provides investors with security and increases confidence in Ethereum's price performance.

The dynamics in the DeFi space, characterized by innovative projects and strong user interest, have contributed significantly to this price increase. At the same time, memecoins contribute to general market volatility and interest in cryptocurrencies, which has a positive effect on the Ethereum price.

Ethereum's further price development could depend on stability above $4,000, as well as developments within the DeFi sector and general market sentiment. Investors should keep these factors in mind to make informed decisions.

Overall, it shows that Ethereum continues to perform strongly and has promising prospects for the future.