Ethereum price (ETH) has surged past $2,600, currently trading at $2,636 with a 3% intraday increase.
Large investors show strong conviction with low exchange reserves, but caution remains due to inactive retail interest suggesting the rally may be premature.
Analysts predict short-term target of $2,900 for Ethereum price, with long-term projections ranging from $4,500 to $8,000 by 2025.
Despite optimism, a CryptoQuant analyst advises caution as retail interest in Ethereum is currently low, indicating the rally might still be in early stages.