Ethereum has surged past the $1,933 level, with its price now exceeding $2,600. The chart shows two potential paths forward – both projecting a move above $2,878 towards an ambitious target of $4,637. This growth is fueled by expanding decentralized finance (DeFi) and increasing institutional interest in the asset. 2. Based on wave structure analysis, Ethereum’s current rise suggests a continuation of the bullish trend with potential for significant gains. The Elliott Wave pattern predicts a five-wave cycle with the first leg already completed. The chart shows two possible scenarios: one leading to a near-term move through $2,878 and another with deeper retracements before reaching new highs by September 2025.