The price of Ethereum has been rising, and retail investors are holding onto their Ethereum holdings, indicating long-term growth potential. Minimal inflows to exchanges and the Spent Output Profit Ratio (SOPR) suggest a resistance to selling despite the price increase. This behavior pattern, along with sustained retail investment, suggests a "buy and hold" strategy among investors. Speculations suggest that Ethereum could reach $4,000 if it maintains support above $2,800. Historical patterns show that similar conditions have preceded significant price rallies. Technical indicators and market sentiment indicate the potential for a 54% rally from the current price levels, pushing Ethereum towards a new all-time high. Ethereum tends to follow Bitcoin's performance, and projections indicate that Ethereum may hit a new ATH soon. The logarithmic regression rainbow suggests a cyclical market behavior for Ethereum, with projections pointing to a potential top near $9,200 by mid-2025. This aligns with growing confidence in Ethereum's long-term value proposition and its maturing market.



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