**Ether Ready to Soar Above $5,000? Here’s Why! 🚀**

- Analysts at CryptoQuant predict that ETH could soar above $5,000 in the next few weeks. Wow, get ready to buy a ticket to the moon!

- Ethereum network activity is increasing rapidly, and demand is heating up again. If this dynamic continues, we could see ETH soar even higher.

- The average purchase price of ETH is currently $5,200, the same upper limit as during the 2021 bull run. But don’t worry, this price could go up as more new investors come in.

- Ethereum ETFs also showed a significant increase in holdings, reaching 3.41 million coins. This indicates that investor confidence is returning.

- With the EIP-1559 update, ETH burned from transaction fees has increased drastically, exerting positive deflationary pressure.

- Network activity has also hit a new record with daily transactions reaching 7.5 million. The more transactions, the more ETH burned, and this could push the price up.

What do you guys think? Will ETH really break $5,000? Let's discuss in the comments!