The crypto market experienced a notable shakeup this week. While Bitcoin reached an all-time high above $110,000, Ethereum also saw a significant rebound. Despite its performance falling short of past highs, the second largest cryptocurrency is showing signs of renewed vigor. Its development raises crucial questions about its future role in the ever-evolving crypto landscape. 50% jump from $1,800 to $2,700 shows that Ethereum has overcome stagnation. This surge coincides with the Pectra upgrade, a major technical update aimed at enhancing scalability and efficiency. The RSI and MACD indicators are also confirming a positive trend. Some analysts believe the bullish movement could reach $3,000, guided by Elliott Wave theory.