According to a recent note published by research firm Fundstrat, the price of Ethereum, the second-largest cryptocurrency, could reach $4,900 in the near future due to the growing decentralized finance industry. If Ether manages to break through the $4,030 price level, bulls can set their sights on a new all-time high. According to the firm’s analysts, in such a case, renewed momentum could propel the Bitcoin rival to new highs:

It is expected that September highs will be surpassed, allowing for an acceleration back to new all-time highs.

On September 3, ether briefly surpassed the critical $4,000 level before falling nearly 33% in less than three weeks.