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#ETHRally Ethereum's price is currently around $4,735, with a 3.57% increase ¹. The #ETHRally seems to be gaining momentum, with Ethereum trading less than 10% below its all-time high. Institutional interest in Ethereum has been steadily increasing, as evidenced by growing ETH holdings in exchange-traded funds and investment products ². Some analysts predict that Ethereum could break its all-time high, potentially targeting the $5,000 to $5,500 range. However, others warn of a possible correction due to overbought conditions ². Here are some key takeaways from the current market analysis: - *Short-term outlook*: A likely range of $4,000–$4,200, with potential to break toward $4,500–$5,000 if bullish momentum continues ². - *Key supports*: $4,000–$4,200 and $3,800–$3,000 ². - *Bullish scenario*: A sustained close above $4,760 could lead to a push toward the $4,900-$5,000 range ². - *Bearish scenario*: A drop below the $4,256 support could see the price fall toward the $3,842 area ².
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