#ETH5kNext?
Price predictions and technical analysis: #ETH5kNext?
• Some technical analyses based on bullish patterns indicate the possibility of Ethereum surpassing the $4,800 mark, and it may reach a range between $5,800 and $6,000 if the momentum continues.
• Surpassing the $4,000 barrier was previously difficult; every failed attempt led to declines between 30% and 75%. However, if it is consistently surpassed, it could trigger a strong push towards $5,000.
Regulation and technical developments as additional drivers: #ETH5kNext?
• The future of U.S. regulation, especially regarding ETF funds and Ethereum as a financial asset, could accelerate the price increase.
• The “Pectra” upgrade looms on the horizon, expected to launch in mid-2025, with technical improvements in scalability. Additionally, the increasing activity in artificial intelligence applications and Layer-2 networks are all potential factors to boost demand for ETH.