Ethereum is showing strong upward momentum, currently trading at $3,421 with a 1% gain over the past 24 hours. This places it just 35% short of the $5,000 mark, which analysts predict could be achieved by early 2025.
This positive outlook comes in the wake of Bitcoin reaching a new all-time high, which has enhanced market confidence.
The anticipated growth in Ethereum's value is supported by favorable technical patterns and broader market trends, making it a potential opportunity for investors.
