$ETH Where are you heading now?
In recent days, there has been strong movement, breaking levels we haven't seen in a long time and reaching close to $4700. This surge came with a significant influx of liquidity from investors and institutions, especially after the positive news about Ethereum's ETF funds.
The recent technical updates on the network, such as Dencun and Pectra, have helped reduce fees and increase speed, which has made developers and projects prefer building on Ethereum more than ever. Additionally, a portion of the currency is burned with each transaction, reducing supply and supporting price in the long term.
But what about the predictions?
There are analysts talking about the possibility of ETH reaching levels between $6000 and $10000 by the end of 2025 if the current momentum continues. But at the same time, caution is needed, as any selling pressure or negative news could push it to correct towards $3000 or lower.
In summary: Ethereum is experiencing a strong moment now, and the overall trend is upward, but the market is always full of surprises.