Ethereum is recovering from its recent decline, and one prominent analyst has stated that, under a favorable scenario, the coin could reach $6,000 by the end of the year. At press time, ETH is trading around the mid-$3,000 mark, showing a strong rebound from its lows.
Bullers point to high network activity, the development of L2 solutions, and a steady increase in fees as signs of the network’s popularity. Improved market sentiment following Bitcoin’s short-term recovery provides additional support.
Skeptics, however, point to regulatory risks and ETH’s high dependence on the macroeconomy. They believe the potential to reach $6,000 is only realistic with a combination of monetary policy easing, strong on-chain metrics, and no further negative regulatory surprises.