Ethereum's recent price surge has left many in awe. After breaking through key resistance levels of $2,000 and $2,200, the cryptocurrency's value skyrocketed, increasing by 44% in just three days. This significant jump can be attributed to several factors, including the Pectra upgrade, which enhanced the network's functionality and user experience. Institutional investors have also taken notice, with over $120 million flowing into Grayscale's Ethereum Trust and whales accumulating over 200,000 ETH. With favorable macroeconomic conditions and a strong stock market, Ethereum is poised for potential further growth. If it holds above $2,400 and breaks past $2,600, the next target could be $3,000, and some analysts even predict $12,000 by 2025. Will Ethereum continue to lead the market, or is this just a temporary surge? Only time will tell, but the current trends are certainly promising.
