Ethereum (ETH) is showing signs of resurgence, surpassing $2,000 after a recent uptick following the implementation of the Ethereum's Pectra upgrade.
Analysts are optimistic about ETH's future price potential, with some predicting a new all-time high and projecting price targets ranging from $4,000 to $12,000 by 2026.
Key indicators, such as ETH's exchange netflow and increasing Google searches related to Ethereum, suggest growing interest and positive market sentiment towards the cryptocurrency.
However, investors are advised to monitor the Relative Strength Index (RSI) for potential corrections, as it recently entered the bearish zone due to a rapid price increase.