Ethereum Soars to New All-Time Highs: Analysts Predict $5,241 Target

Ethereum (ETH) has soared past its all-time high, reaching a new peak of over $4,600. This remarkable surge comes fueled by a 30% weekly increase and strong performance driven by the broader crypto market rally. Analysts are now predicting a potential next target of $5,241, with significant institutional buying pushing ETH to new heights. Spot Ethereum ETFs have seen record inflows as investors seek exposure to this digital asset. This influx of capital is further contributing to a growing supply squeeze, which may make breaking the ATH levels easier than in previous cycles.