Ethereum prices have experienced a remarkable surge to $4,300, marking their strongest rally against Bitcoin since 2021. This renewed bullish momentum has ignited discussions about whether the next move will be an explosive break above previous highs or a brief correction before a further upward trajectory. Analyst VirtualBacon predicts ETH could hit $6,000-$7,000 by year-end if Bitcoin surges to $150,000 and ETH/BTC reaches 0.044. However, they also highlight the possibility of a healthier pullback before a significant rally. 2023 has seen institutional investments in Ethereum, fueled by ETF momentum and growing interest from DeFi projects. The path forward remains dependent on which scenario plays out: A parabolic breakout or a more measured cooldown.