Why Ethereum Could Hit $5,000 in 2026

Core Viewpoint - Ethereum remains the leading choice for developers and users in decentralized finance due to its broad ecosystem and stable network [1] Group 1: Recent Upgrades and Market Position - Recent technological upgrades, including the Merge upgrade, have transitioned Ethereum to a proof-of-stake infrastructure, enhancing its growth and stability profile [2] - The upcoming Fusaka upgrade is expected to increase data storage capacity on Ethereum blocks, following the Pectra upgrade that introduced data storage functionality [5][8] - Ethereum's current trading price is around $3,100, remaining flat over the past 12 months despite previous rallies [5] Group 2: Investor Sentiment and Future Potential - There are strong reasons for Ethereum bulls to consider the token undervalued at its current price, with potential to reach new all-time highs by 2026 and possibly breach the $5,000 mark [3] - Investor demand for Ethereum has been bolstered by recent upgrades, with many viewing it as a contender to challenge Bitcoin for the top spot in the cryptocurrency market [2] - Key fundamentals such as transaction volume, active wallets, and total value locked (TVL) are expected to improve over time, supporting Ethereum's bull case [6][7]