The prevailing upward trend and optimistic market mood suggest that ETH is poised for a surge in the upcoming week. On-chain indicators and technical analyses lend further support to the probability of ETH surpassing the significant threshold of $4,000. Should this occur, Ethereum might set its sights on $4,698, taking into account Fibonacci retracement levels. Furthermore, the announcement of any spot Ethereum ETF listings could potentially propel ETH to reach the 1.618 Fibonacci level, equivalent to $5,841.
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