The price of Ethereum (ETH) is approaching $4,000, signaling a potential new all-time high (ATH) before the end of 2024.
Liquidity is flowing back into Ethereum, driving the price surge and suggesting a strong rally in the discovery phase.
The recent increase in institutional interest, including significant inflows into U.S. spot ETH ETF, is contributing to the price rally.
Technical indicators, such as the Golden Cross formation and increasing volume, support the belief that ETH will reach a new ATH above $5,000 by the end of 2024.