Is Ethereum Officially Out of the Bear Market?

Ethereum is experiencing a remarkable surge this week, reaching a high above $2,600. This strong upward movement is driven by several factors: notably the holding of the realized price level at $1,900, a rare technical signal that points to bullish momentum. This combined with the Petra upgrade and recent outflows from Binance have boosted investor confidence. Analysts are particularly optimistic about the potential for Ethereum to reach new highs, predicting targets exceeding $5,791 based on scarcity, and increasing demand.