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Will Ethereum reach $4800?

Despite the decline, sentiment surrounding the price of Ethereum remains bullish among analysts, who are looking for a return to $4800. Central to these forecasts is the full transition of Ethereum (ETH) to a proof-of-stake network and the expected implementation of sharding. These improvements are designed to enhance transaction speeds and reduce fees, thereby increasing the direct attractiveness of Ethereum (ETH) for developers.

Conservative forecasts remain at $2,200 to $3,000. Meanwhile, medium to high forecasts suggest success in scaling and the adoption of financial products. These forecasts in the cryptocurrency space anticipate that the price of Ethereum could range between $4,800 and $15,000 under optimal conditions.