$ETH Ethereum's ongoing pump could be attributed to several factors, including ¹ ² ³:

- *Altcoin Season*: Analysts suggest that the current market trend might be shifting towards an "alt season," where altcoins like Ethereum, Dogecoin, and XRP outperform Bitcoin. Ethereum:** 2.5% increase in the last 24 hours

- *Technical Indicators*: Ethereum's price is above its major moving averages, indicating a clear uptrend. Analysts predict a potential surge to $5,000 before the year's end.

- *Price Predictions*: Some analysts expect Ethereum's price to reach $4,723.5 in the coming bull run phase, with a potential further pump to $8,100 and above.

- *Upgrade and Adoption*: Ethereum's Pectra upgrade may fuel the 2025 bull run by enhancing scalability and staking.

*Potential Price Targets:*

- *Short-term*: $4,000 to $5,000

- *Long-term*: $8,100 and above, with some predictions reaching $15,000 in 2025

*Key Factors to Watch:*

- *ETH/BTC Pair*: A crucial indicator for the altcoin rally's continuation

- *Macroeconomic and Regulatory Forces*: Changes in monetary policy and regulations may cause volatility

- *Support and Resistance Levels*: Investors