Don't look now, but Ethereum (CRYPTO: ETH) is heating up again. The world's second-most valuable cryptocurrency broke above $3,000 on Tuesday, something it hasn't done in nearly three weeks. Ethereum is still down nearly 40% from its mid-November peak, but momentum is on its side again.
Two months ago I asked if Ethereum could break through the $5,000 ceiling. The digital currency hit an all-time high just below $4,900 late last year, and it was a natural new milestone to conquer. It didn't happen, so it's probably a good time to reset expectations with a more realistic round target. Can Ethereum reach $4,000 this year? It may not seem like a very ambitious goal, but it would represent a better than 30% gain from current levels. Let's size up Ethereum's chances of hitting the $4,000 mark in 2022.
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Source Fool.com