Ethereum Approaches $5K Milestone

Current status:

Ethereum has risen near $4,700–$4,800, levels not seen since 2021.

Standard Chartered raised its year-end forecast to $7,500, citing regulatory clarity, stablecoin activity (mostly on Ethereum), and institutional demand; their 2028 target is even more optimistic—$25,000.

Drivers & challenges:

Bullish momentum continues to build via ETF inflows, developer activity, on-chain metrics, technical patterns, and strong institutional demand.

Analysts point to key resistance in the $3,850–$4,100 range that needs to be cleared before a sustained push toward $5K.

Profit-taking dynamics:

Notably, the Ethereum Foundation recently sold $12.7 million worth of ETH around these high levels, signaling some profit-taking even amid exuberance.

Summary:

Ethereum is tantalizingly close to $5,000, with strong fundamentals and technical indicators supporting the move. Yet, a successful breakout depends on overcoming resistance and navigating some selling pressure.