Ethereum has witnessed an impressive rally in the third quarter of this year, with prices reaching $4740 in August. As ETH enters a critical trading phase not seen in over four years, analysts believe this phase will significantly impact the asset’s next direction. Investors recognize that this period is pivotal, labeling it a make-or-break moment for Ethereum’s future trajectory. With recent bullish sentiment in the market, traders are eager to see if Ethereum can push towards the ambitious $8000 target. Market watchers should stay tuned for developments as the situation unfolds.