Ethereum’s price has been soaring recently, reaching a new all-time high. A prominent investment research firm, Fundstrat, has predicted that ETH could reach as high as $5,450 within the short term. The prediction was made by Mark Newton, a global technical analysis strategist at Fundstrat. According to Newton, this upward movement is due to the growing market for DeFi applications and increasing institutional interest in Ethereum.** Newton pointed out that Ethereum’s price is currently trading within an attractive range. If ETH maintains its position above $4,067, he anticipates it could hit a substantial upside of over $5,100 before potentially breaching $5,450.