Ethereum (ETH) price predictions could reach $5,000 or even $10,000, with an important resistance level at $3,750 signaling the potential for a breakout. 📈

The number of daily active addresses is increasing and positive network development indicates growing acceptance of Ethereum, supporting an optimistic outlook.

Last week, ETH surpassed the $4,000 mark, the highest since March 2024. However, the price dropped to around $3,500 before recovering to $3,720. Many analysts remain optimistic that ETH will reach new highs, with a prediction of $5,000 by the end of 2024. Some even expect a level of $10,000, but also warn of the potential decline to the $2,500-$2,800 range. 📊

On-chain metrics show an increase in active addresses and network growth, signaling the potential for price increases. However, the "In the Money" metric has slightly decreased, with about 89% of investors currently in profit.