Ethereum Expected to Hit $5,000 Amid Rising Demand: CryptoQuant

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Ethereum Expected to Hit $5,000 Amid Rising Demand: CryptoQuant
Ethereum (ETH), the second-largest crypto by market capitalization, is gaining quite the momentum, and experts believe that a price surge above $5,000 is not unthinkable at this point.
According to a recent report from The Block, analytics firm CryptoQuant forecasts significant price appreciation for Ethereum based on three key factors: robust on-chain activity, surging institutional demand, and deflationary token dynamics. These market indicators, the report suggests, point toward sustained growth potential for

ETH
$3 944

24h volatility:
4.3%

Market cap:
$475.04 B

Vol. 24h:
$43.77 B

.
Network Activity at Record Highs
Per CryptoQuant, Ethereu

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