Ethereum $ETH continues to outperform, leading the rally toward new territory and even nearing its all-time highs. Open interest in ETH futures remains strong, signaling bullish sentiment, while OKB surged amid a token supply cut and network upgrade.
Analysts and AI models are bullish: AI projections suggest $ETH could reach $5,000 by the end of August, thanks to institutional interest, ETF adoption, and network upgrades like EIP-4844 and proof-of-stake improvements.
Standard Chartered raised its year-end $ETH forecast dramatically—to $7,500, up from $4,000, citing a boost in industry engagement and demand. They also raised their 2028 projection to $25,000.
Options traders are betting heavily on ETH rallying past $5,000 by late September, with more than $5 million spent on call options at that strike price. #Ethereum #CryptoNews #ETHETFsApproved
