Bybit Crypto Insights Report: What’s the next price target for ETH — and what’s fueling this secular ETH outperformance?

Ether (ETH) is currently trading at around $4,218, consolidating after a strong rally that brought it within striking distance of its previous all-time high of $4,867 set in November 2021. Despite short-term volatility, ETH has posted an impressive year-to-date return of 63%, underscoring the resilience of bullish sentiment surrounding the second-largest cryptocurrency by market cap.

So after consolidation, what’s the next step for ETH?

Short-term price targets

Market participants and technical analysts are eyeing the following key levels: