**Ethereum Price Set for Potential Surge Despite Recent Stagnation**
Ethereum's price barely moved after the debut of spot Ether ETFs, but crypto analyst Pav Hundal suggests ETH could hit unprecedented highs this year. Hundal highlights several bullish factors:
- Large amounts of ETH are staked, tightening supply.
- The launch of Ether ETFs has generated positive sentiment.
- The put-call ratio is at a bullish 0.27.
While Hundal refrains from exact predictions, he believes ETH could aim to regain its all-time high of $4,890 from November 2021. Currently, ETH trades at $3,450, down 1.27% over the past week. Despite the slow start, the market remains optimistic.