Ethereum Rebound Sparks Speculation of Reaching $5,000

Ethereum has rebounded from a brief price drop, reigniting speculation about a potential surge that could push the cryptocurrency past $5,000. Following a pullback from its recent high of $4,782, Ethereum prices (ETH) have surged back above the $4,480 support level according to data from Kraken. Analysts attribute this resurgence to strong DeFi growth and increased institutional investment.