Analysts predict Ethereum could reach or surpass $6,000 by year-end, driven by factors like institutional investment and shrinking supply on exchanges. This follows bullish predictions of a breakout to around the $6,100-$7,500 mark. A confluence of factors is contributing to this surge: increasing supply scarcity as only 12% of ETH remains on exchanges, driving investor confidence; strong institutional demand for ETH-based ETFs, treasury accumulation, and steady inflows from traditional finance; and technical strength suggesting a potential bull flag formation. While $6,000 serves as the next crucial milestone, some analysts envision Ethereum pushing towards even higher levels by year-end.