Ethereum (ETH) is consolidating below the $5,000 psychological barrier, yet a formidable $7.5 billion support base has been established, according to market analysts. This robust foundation, driven by substantial accumulation and unprecedented institutional inflows, signals strong underlying strength. Experts project that these factors could propel ETH toward a $6,500 valuation by the end of the year, with some technical analyses even pointing to a $6,800 target in the fourth quarter. The consistent buying pressure, particularly from institutional entities, underscores growing confidence in Ethereum’s long-term value proposition and its evolving ecosystem, including developments in decentralized finance (DeFi) and layer-2 scaling solutions. Market sentiment remains cautiously optimistic as traders monitor key resistance levels, anticipating a potential breakout fueled by sustained demand and broader macroeconomic trends favoring digital assets.
