Ethereum ($ETH ) is showing strong bullish momentum, with recent developments suggesting the potential for new all-time highs.
The recent Pectra upgrade, Ethereum's most significant since 2022, has enhanced transaction speed, reduced costs, and improved staking flexibility . Additionally, a significant decrease in ETH stored on centralized platforms indicates more investors are holding onto their holdings, potentially leading to a price increase .(MarketWatch, Coinfomania)
Analysts predict Ethereum could reach between $2,700 and $2,900 in the near term, with potential for further gains if current momentum continues .
Given these factors, Ethereum appears poised to lead the market, potentially reaching new all-time highs if the bullish trend persists.
