Renowned crypto expert Jelle has predicted that Ethereum (ETH) will surpass $5,000 by the end of the year. Following a decline from its March peak of over $4,000, Ethereum is now stabilizing above $3,500, aligning with Jelle's forecast. The crypto community is closely monitoring Jelle's analysis, which suggests strong potential for Ethereum, especially with the anticipated launch of spot Ethereum ETFs.

Ethereum's recent recovery from a dip to $3,384 and its current trading level of $3,500, despite recent declines, indicates a crucial support level at $3,500. Jelle's research implies that Ethereum is ready for significant price movements, with the potential to reach $5,000 this year. The network's ability to maintain critical support levels amidst market fluctuations is promising, suggesting it could surpass previous highs.

Institutional and retail interest in Ethereum is growing due to its robust ecosystem, potential for increased liquidity, and regulatory compliance prospects. The introduction of spot Ethereum ETFs is expected to boost its market capitalization further.