Ethereum experienced a dramatic price drop following an all-time high on August 24th. The cryptocurrency reached over $4,955 before losing nearly 9% in value within a single day, wiping out roughly $60 billion of market capitalization. This sudden decline reflects the volatile nature of the crypto market and its dependence on speculative trends. Despite this setback, institutional investors remain bullish on Ethereum, with major players actively converting Bitcoin to ETH. Several indicators suggest a strategic shift away from Bitcoin towards Ethereum, as seen by notable investments like BitMine Immersion Technologies’ acquisition of 190,500 ETH, coupled with consistent inflows into Ethereum ETFs. While the $5,000 mark seems within reach for ETH, some industry experts are predicting a potential surge toward $10,000 and beyond, ultimately fueled by institutional investment and continued belief in the Ethereum protocol’s long-term potential.