Ethereum Price Surges Past $3100; Could $4000 Be the Next Target?

Ethereum (ETH) price has significantly surged after weeks of consolidation, breaking through multiple resistance levels. Following the recent U.S. elections, the market has experienced consistent upward momentum, indicating further gains may be on the horizon. The top alctoin is holding steady above the $3,100 mark, which it hasn’t reached in over 14 weeks. This surge has set a fresh high, with analysts closely watching the potential for the token to test the $4,000 threshold in the near future.