Ethereum to $5,000—How Soon Could It Happen?

Core Insights - Ethereum is approaching its all-time high of $4,946.05 and could potentially exceed $5,000 if institutional demand and progress towards the Fusaka upgrade remain strong [1][4] - Sustained institutional demand, upgrade-driven scalability, and favorable macro conditions are critical for Ethereum's price trajectory towards $5,000 [2] Institutional Demand - Spot ETH ETFs have experienced significant inflows, totaling over $1.3 billion in the past week, indicating renewed confidence from institutional investors [2] - Ethereum ETFs had a strong start to the week, attracting $176.6 million during Monday's trading session, and a total of $1.48 billion last week, marking a recovery from previous losses [3] Price Movement - Ethereum's current trading price is $4,560, having gained over 10% in the past week, and is 7.6% away from its all-time high [4] - User sentiment on Myriad shows that 80% believe Ethereum will reach $5,000 before it dips to $3,500, reflecting increased optimism compared to the previous week [5] Macroeconomic Factors - Risk assets, including Ethereum, have benefited from favorable monetary policy signals from the U.S. Federal Reserve, which is set to meet at the end of the month to discuss interest rates [6] - A dovish Fed stance, pressure on fiat currencies, and positive momentum in gold could lead to increased flows into risk assets, with Ethereum likely to benefit significantly due to its foundational role in DeFi and tokenization [7]