Ethereum Price Forecast: Could It Surge to $5,600?

Ethereum (ETH) is experiencing a resurgence in its value after a recent surge fueled by unusual buying activity. Currently trading around $4,271 – a modest 1.58% increase over the last 24 hours – analysts are seeing signs of potential breakout and price movement towards $5,600. This comes as Ethereum consolidates within a tight range with support at $4,219. Analyst Ali Martinez notes that a break above the upper boundary of this range could trigger further bullish movement. 🎯