Ethereum price don surge pass $3,800 as DeFi and altcoin rally dey go
Ethereum price don climb pass $3,800 recently for di first time since December 2024, e follow bigger altcoin rally plus more people dey use DeFi. For the past week, Ethereum price jump from $3,600 reach peak pass $3,800 before e settle for $3,763, true true e get 6.14% 24h surge and na e highest level since 2025. Altcoin Season Index reach 47 as total altcoin market cap touch $1.55 trillion. Analysts, led by Dutch trader Gert Van Lagen, dey use Elliott wave theory see dis increase as di last wave of long-term bull cycle and dem dey predict say e fit reach $10,000. Market confidence dey supported by more network activity, steady DeFi use plus beta upgrades wey dey come. Traders suppose dey look on-chain metrics like daily active addresses and total value locked (TVL) for DeFi. Small drops fit give better chance to buy before di last big climb. Dis surge show how Ethereum tough, e get 11.1% market share, plus how e dey important for decentralized finance. E get impact on wider crypto market moves and how people go take manage risk.
Bullish
Dis news dey bullish for Ethereum. For short term, di 6.14% 24-hour surge and di break above $3,800 show say strong buying momentum dey, wey fit attract momentum traders and push price higher. Di altcoin rally wey happen same time and di rising DeFi use show say market trust dey high, plus on-chain metrics like active addresses and TVL for DeFi fit help traders confirm say demand don rise again. For long term, Elliott wave analysis talk say one final blow-off wave fit carry Ethereum go $10,000. Di ongoing network upgrade plus steady DeFi adoption go further support price increase and boost ETH market share. Traders fit see small pullbacks as buying chances, dey expect say di strong uptrend go continue.