According to an analyst, Ethereum (ETH) could reach a new all-time high in March, potentially exceeding $4,880 per token. The analysis suggests that ETH has entered its short-term expansion phase following consolidation, indicating a significant price surge. Ethereum's current price of $3,327.51 has posted a 3% gain in the last 24 hours, suggesting a potential rally in the coming weeks. The analyst predicts a rally above $4K in the coming days and a new ATH by March, driven by institutional accumulation and bullish momentum. On-chain data also indicates increased whale activity, further demonstrating strong demand for Ethereum. AI models forecast a bullish near-term target of $3,750 by the end of Q1 2025. The sustained demand and favorable macroeconomic conditions could support further gains for Ethereum.
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