What lies behind this ambitious price forecast? This is not just wishful thinking or a random shot in the dark. Mayer's multiple oscillator analysis, which compares Ethereum's current price to its 200-day moving average, suggests Ethereum will do more than just break above $5,400.

Bitfinex analysts are also joining the discussion and making more optimistic forecasts, according to which the currency could significantly exceed the “modest” forecast of $5,400.

Currently, the price of Ethereum is confidently exceeding the $3,500 mark. Considering that its all-time high was almost $4,891 in November 2021, this Ethereum price is not particularly impressive to anyone right now. Unlike Bitcoin, which hit not one, but two all-time highs. !

Of course, confidence in the success of Ethereum is based not only on technical indicators. After all, the creators are doing serious work. The famous Dencun update adds much-needed strength to the ETH/BTC pair, potentially raising the value of Ethereum to incredible heights. Bitfinex experts call the price around $5,900, suggesting that the price of Bitcoin will also exceed its current market price.

The crypto community is eagerly awaiting the potential approval of a spot Ethereum exchange-traded fund (ETF). Bitcoin ETFs have made waves in the past, now it remains to be seen when Ethereum will take center stage.

Ethereum developers set themselves the task of increasing the blockchain gas limit from 30 million to x 40 million. This needs to be done to reduce fees, making Ethereum not only faster, but also cheaper.