Ethereum is close to ATH with a +41% increase this month!
The price is currently $4,700, which is just 3% below the all-time high of 2021.
Surge Factors:
The Pectra upgrade enhances speed and reduces costs.
The Genius Act makes regulation more clear for stablecoins.
Institutional buying and $ETH treasuries have grown beyond $9.6 billion.
Risk-on sentiment is fueled by the softening of U.S. inflation.
Forecasts: Standard Chartered sees $7,500 by year-end, $25K by 2028.
Analysts are warning of a possible correction, so it's important to avoid high leverage and establish a stop loss.
The momentum is still strong, but there is a high risk of volatility.
