Ethereum News Today: Ethereum Surpasses $4000 Resistance as LD Capital Eyes $5000 Target

LD Capital founder James Li, also known as Chris Li, highlighted on social media that Ethereum (ETH) has recently broken through the $4000 double top resistance level and pointed to $5000 as the next key target. He noted that this price level would allow ETH to catch up with Bitcoin’s (BTC) exchange rate of $10,000. Li emphasized that while the bullish trend is clear, the path to this target is unlikely to be linear [1].

According to Li’s analysis, the current market environment aligns with previous bull markets seen in 2017 and 2020. He recommended investors adopt a “buy the dip” strategy, staying invested in ETH rather than shorting it, as it is the primary driver that can bring investors back into the broader bull market [1]. Ethereum’s recent rise to $4200 was seen as confirmation of the ongoing bullish momentum.

Looking ahead, Li stated that the upcoming Bitcoin halving event is expected to trigger what he referred to as the “Season of Quality Altcoins.” This period, historically observed before and after halvings, typically sees increased interest and performance in alternative cryptocurrencies [1]. His comments reinforce a widely anticipated narrative among crypto market analysts that halving events often serve as catalysts for broader market expansion.

Li’s outlook is based on observed market behavior and expectations rather than quantitative projections. He did not provide any numerical forecasts for specific price targets beyond the $5000 level for ETH. However, he did express confidence that the current trend is part of a larger bullish cycle, with Ethereum playing a central role.

Source:

[1] LD Capital Founder James: The next target for ETH is the $5000 ATH. It is expected that the upcoming halving expectations will usher in the Season of Quality Altcoins. https://www.theblockbeats.info/en/flash/306611