$ETH Whether Ether can hit new highs depends on multiple factors:

1. Fundamentals: Ethereum’s continued upgrades (such as Shanghai’s upgraded withdrawal function) and ecological growth (DeFi, NFT, market demand) are the core driving forces for prices.

2. Macro environment: The overall economic situation, crypto market liquidity and investor risk preferences will affect capital inflows.

3. Competitive landscape: Other smart contract platforms (such as Solana, Arbitrum) are growing rapidly and may divert demand.

If the market returns to a bull market, it is possible for ETH to reach new highs (beyond $4,878), but it will take time and favorable market conditions, especially the trend of Bitcoin and macro positive signals. Medium and long-term holders can pay attention to development trends and make arrangements in batches.