As reported by CryptoPotato, the price of Ethereum (ETH) recently surpassed $3,000, with analysts predicting that there could be significant growth ahead. A decline in the market value to realized value (MVRV) ratio, negative net inflows on exchanges, and the potential approval of a spot Ethereum ETF in the U.S. could push ETH’s value higher. Despite not witnessing such a big growth, Ethereum (ETH) is also one of the notable winners. Its price surpassed $3,000, representing a 4% increase on a daily scale. Many analysts believe that this could be the starting point of a future bull run. One of the optimists is user Michael van de Poppe, who recently claimed that ETH is on the path to reach higher timeframe support levels. CryptoYoddha is even more bullish, predicting that the price could explode to $10,000 by the end of the year. Finally, World of Charts believes that ETH has begun to break out of the “descending wedge consolidation” on the 12-hour timeframe.