$ETH

Ethereum remains bullish due to growing Layer 2 adoption, the Dencun upgrade reducing fees, increased staking, and ETF speculation. Short-term targets range from $3,800 to $4,200, with potential for $4,500+ mid-term if momentum continues. Long-term, ETH could hit $5,000–$7,000 depending on macro trends and network growth. However, risks include regulatory pressure, macroeconomic tightening, and rising competition. A bearish trend may begin if ETH drops below $3,200 or if ETF news turns negative. Pullbacks could reach $2,800–$2,500. Bullish momentum may last through Q3 2025, while bearish pressure could emerge in Q4 if fundamentals weaken. Monitoring market sentiment and on-chain data remains crucial.