Analysts are projecting Ethereum (ETH) to climb towards $5,600, fueled by the Elliott Wave Theory and growing institutional interest. This bullish forecast is supported by strong on-chain indicators and market trends, potentially triggering increased activity for ETH, Layer-2 tokens, and DeFi assets. 2021’s surge in price offers a potential blueprint for this future trajectory, with experts highlighting past patterns of similar parabolic growth driven by protocol upgrades. However, Arthur Hayes, ex-CEO of BitMEX, acknowledges the complexity of predicting prices and notes increased regulatory clarity as a positive factor. While market predictions remain uncertain, experts highlight that institutional investments could play a crucial role in accelerating Ethereum’s trajectory toward this new price level.