TL;DR
Ethereum (ETH) sees significant price growth, with expectations of reaching new highs, backed by favorable market indicators and upcoming network upgrades.
Speculation around the approval of an Ethereum ETF in the US and the upcoming Bitcoin halving event could further boost ETH’s market performance.
‘It’s a Matter of When’
Ethereum (ETH) has been among the best-performing cryptocurrencies (at least from the top 10 list) in the past several weeks, with its price surging by 60% monthly and surpassing the $4,000 level for the first time since December 2021.
ETH Price, Source: CoinGecko
Some analysts and key indicators suggest that the rally could continue in the near future, meaning the asset might reach a new all-time high. The popular X user Ali supports that thesis.
He believes Ethereum’s path to $5,000 “looks increasingly clear as resistance thins.” Ali observed a chart provided by IntoTheBlock to outline the $4,522-$4,646 as a major supply zone, where almost
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