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Ethereum 7500 Predicted by Year-End
The cryptocurrency market experienced a strong shake-up following the release of U.S. wholesale inflation data.
Despite this setback, optimism persists among analysts, especially regarding the price of Ethereum (ETH), the native token of its blockchain.
In recent weeks, ETH has gained significant momentum due to increasing institutional demand.
Both spot ETFs listed on the U.S. stock exchange and corporate treasuries have injected billions of dollars into the cryptocurrency.
This has led major financial institutions, such as the British bank Standard Chartered, to significantly raise their bullish projections.