Ethereum targets 6,200 USD while analysts predict a secondary bull RUN

Ethereum’s price surge: Ethereum has seen its price increase by 46% recently, crossing the 4,000 USD mark. Analysts expect Ethereum to rise between 6,200 USD and 10,000 USD, reflecting positive market conditions in the DeFi and NFT sectors.

Technical indicators show bullish trends: KEY technical indicators such as the RSI and MACD are displaying bullish signals. Historically, these indicators have led to significant price increases, suggesting ETH may exceed previous highs in the coming months.

Growing institutional interest: Institutional investment in Ethereum is on the rise, with over 1.4 billion USD flowing into new spot Ether ETFs since July. This trend, alongside rising funding rates, indicates strong bullish sentiment for Ethereum’s future.