Ethereum Price Soars to New 2022 High, Breaking $3,200 as Analysts Eye Move to $4,000 Next
- Ethereum (ETH) price broke out above $3,200, reaching a new 2022 high of $3,270
- The breakout signals a potential move to $4,000 next
- ETH price broke out from long-term ascending channel and range resistance on the weekly chart
- Analysts are bullish on Ethereum, seeing it outperform Bitcoin soon
- If the breakout holds, ETH could climb 35% against Bitcoin to 0.078 BTC