Ethereum is on fire! The price has surged over 7.68% in recent trading sessions, reaching $4,629.40. This rally is driven by growing institutional adoption, technical upgrades, and positive market sentiment.
Companies like BlackRock and Fidelity are increasing their ETH exposure, and the successful implementation of the Pectra upgrade has introduced new features and improved scalability.
Analysts predict Ethereum to reach $4,800-$5,100 in the short term, $6,000-$9,300 by the end of 2025, and potentially $8,000-$18,000 in the long term.
The current price is around $4,699.95, with a 5.3% increase in the last 24 hours. However, technical indicators show signs of being overbought, suggesting a high risk of a price pullback. Stay informed and make smart investment decisions!
