Ethereum price has experienced a significant surge in value over the past month, reaching a new all-time high of nearly $4,500. Experts attribute this rise to expanding decentralized finance (DeFi) applications and growing institutional interest. 2.483.79 as it recently peaked at $2,603.86 in the cryptocurrency market. 3. The price surge has sparked concerns about Ethereum’s long-term outlook. Crypto enthusiasts like Michael van de Poppe believe this rally could push prices above $4,000 and trigger a sustained upward trend. He highlights the key support level between $2,000 and $2,400 as a buying opportunity if the price dips. Other analysts, such as Ali Martinez, also see bullish signs, noting that large Ethereum holders have accumulated over 450,000 ETH in recent weeks. This increase could potentially trigger a price surge due to reduced circulating supply. Some analysts predict that Ethereum might experience a drop and consolidate before breaking out above the $2,500 resistance level. While others, like Crypto Patel, expect a short-term correction and a potential rebound to between $4,000 and $5,000. This rally is likely fueled by institutional investors who are accumulating ETH in anticipation of further price increases. The Ethereum exchange-traded funds (ETFs) market also shows the presence of large institutions waiting for more dips before making significant purchases. The future of Ethereum’s price remains uncertain but analysts remain optimistic.