Ethereum (ETH) has the potential to reach $5,000 or even $10,000, analysts predict. The recent surge to $4,000 indicates that Ethereum could hit new highs. Although ETH has seen some fluctuations and dipped to $3,500 in the recent market correction, the price has since increased to $3,720. Multiple analysts are optimistic about the future of the cryptocurrency.
The popular trader CoinMamba predicts ETH will reach $5,000 before the end of the year, while others suggest that the asset may skyrocket to $10,000. On-chain metrics indicate a positive outlook for Ethereum. Daily active addresses are increasing, signaling an increase in the usage of the Ethereum blockchain, which could result in a price spike.
Another indicator, Net Network Growth, has also seen a rise of 0.30% daily, entering the bullish zone. Despite a slight drop in the “In the Money” metric, indicating that 89% of investors with Ethereum are in profit while only 8% are underwater, the overall trend is still bullish.
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<p>The post Ethereum Price Predictions: Bullish Outlook Amid Rising Adoption Metrics first appeared on CoinBuzzFeed.</p>
