Ethereum Forecast Highlights Rally Above $5K

A prediction about cryptocurrency Ethereum (ETH) highlighted a potential price rally above $5, thus breaking its all-time high of $4.878,26, recorded in November 2021.

Chart patterns are indicating that Ethereum’s price could surge above $5. Market experts are predicting that the largest altcoin’s bullish momentum could extend until the end of 2025.

It is worth noting that the price of may experience an increase above its ATH to US$ 5 thousand, being driven by its correlation with Bitcoin. The largest cryptocurrency on the market reached a historic milestone this week by surpassing $100 for the first time.

For cryptocurrency analyst Titan of Crypto, Ether’s rally to $5 may just be a “low target,” suggesting a continued price rise above the predicted level. “Ethereum $5.000 ETH’s market structure mirrors that of #BTC a few weeks ago. $5 is the low target, I think it should go higher,” wrote .

When asked if “there is any risk of breaking above 3000 from here,” the expert highlighted in a recent post on X: “There is always a risk. I think the odds are in favor of higher price action. But anything can happen.”

Ethereum hits price milestone, heads towards new all-time high

In a recent development, Ethereum has reached a price milestone and is now walking towards new all-time high (ATH) . Yesterday, the second-largest cryptocurrency on the market surpassed the $4.000 mark, which brought ETH closer to breaking its record price of $4.878,26, registered in November 2021. The $4 mark was reached by the asset for the first time since March.

Amid the positive scenario, a cryptocurrency expert noted in a technical analysis on Ethereum that the cryptocurrency may be on track to reach new all-time highs in its price soon.

Cryptocurrency trader Pentoshi highlighted in an analysis on X Platform on Dec. 6 that Ethereum may be poised to experience a fresh price surge as demand for spot ETH exchange-traded funds (ETFs) grows.