$ETH Road to $5,000

Called the “king of DeFi,” Ethereum is having a big resurgence right now. Following a successful Dencun upgrade and the adoption of the first-spot Ethereum ETF, analysts are hopeful about Ethereum’s long-term expansion even after jumping over 13% in two weeks. Ethereum has shown resilience against fleeting volatility, with its present price hovering about $2,680. By 2025, according to analysts, ETH may reach $5,000 as institutional investment soars and the network’s major enhancements gain traction.

Ethereum’s journey to $5,000 isn’t without difficulties, though. The results from Ether ETFs have not been encouraging so far, with the total outflow now exceeding $580 million.

Ethereum’s journey to $5,000 isn’t without difficulties, though. The results from Ether ETFs have not been encouraging so far, with the total outflow now exceeding $580 million.

Additionally, a report revealed that Ethereum ICO participants dropped $8,500 ETH (roughly $22 million) to CEX exchanges in September. Despite these profit-takings, ETH volatility is still modest, with $2,711 serving as resistance and $2,448 serving as support. Technical indicators indicate a bullish mood. Given the increasing interest in Ethereum from both individuals and institutions, the long-term picture for the platform is still very bright

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