Arguably,

$ETH was worth $4,000 in 2021. Overpriced during that period.

$ETH was worth $4,000 in Dec '24. Probably fair value during that period.

$ETH is currently worth $4,000 while stablecoins surge, ETF staking applied, all the governmental approvals in the U.S.

It wouldn't be strange if ETH surges to $6,500-8,000. That seems to be a fair price.

Short-term?

Unlikely we'll continue to run in one-go. It just went up by $2,000 (90%) in less than a month.

Short-term risk of buying here exceed the rewards, so I think we'll stall for a bit before we break this crucial resistance zone.