Crypto analysts anticipate a bullish weekend for Ethereum (ETH) following hints that the cryptocurrency market may be unshackled from recent downward pressure caused by stock market volatility.
Prominent analyst CryptoQuant predicts Ethereum's price could surpass $5,000 based on the 'realized price upper band' indicator.
The realized price reflects the average price at which all Ether tokens last transacted and current upper band stands at $5,200, signaling potential for further growth.
Ether is currently trading at around $3,920, with $5,200 emerging as a key target.