$ETH $BTC [Ethereum (ETH) price expected to rise by $5,000 without major correction]

Ethereum (ETH) broke through the $4,000 mark on March 8 before pulling back slightly and is currently at $3,933, with a market capitalization of $472 billion. With Bitcoin hitting new all-time highs, the cryptocurrency community generally expects Ethereum to rise. Analyst CrediBULL Crypto believes that although some people expect Ethereum to pull back to $3,600~3,700, demand is strong and Ethereum may continue to rise by more than 25% without a major correction.

Ethereum has performed better than Bitcoin (BTC) over the past week, rising 15% and 10% respectively. This is helped by the upcoming Dencun upgrade and market expectations for a regulatory decision on the spot Ethereum ETF application.

The Dencun upgrade is expected to reduce Layer 2 transaction costs and attract more mainstream attention. Additionally, Ethereum mainnet revenue surged to $193 million this week, driven primarily by memecoin trading activity, showing a significant increase in on-chain activity.