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The Ethereum price is currently approaching its all-time high of $4,953. According to crypto expert Thomas Lee, ETH will soon break through the resistance at $5,000 and rise to as much as $12,000 by the end of the year. Several factors currently support this.
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Ethereum Price Approaches All-Time High: $5,000 within Reach
The Ethereum price is currently approaching its recent all-time high. Just on Sunday, the second-largest cryptocurrency set a new record high of $4,953. At the time of writing, ETH is up 3.44 percent in the daily trend and is trading at $4,593.
- Ethereum
(ETH) - Price $4,311.14
- Market Cap
$520.49 B
Several positive influences helped the cryptocurrency to reach its new all-time high. In the spring, the Ethereum Foundation responded to a leadership crisis and replaced the foundation’s board. Since then, the new leadership has forged fresh plans, which have created new confidence among investors.
In addition, the regulatory landscape in the USA is changing in favor of Ethereum. According to various experts, the approval of staking as part of Ethereum ETFs is imminent. Institutional investors in particular are reacting bullishly to this innovation.
ETH is increasingly succeeding in establishing itself as a reserve currency. Until recently, this role was exclusively reserved for Bitcoin. Research by CoinPro shows that some of the largest crypto reserves now prefer to rely on ETH rather than BTC.
The US-American Bitcoin miner BitMine is considered the world’s largest publicly traded Ethereum investor with assets of more than $6.6 billion in ETH. BitMine’s CEO is Thomas Lee, who recently made a bullish Ethereum price forecast.
“In the near future, Ethereum will rise above $5,500 – within the next few weeks,” Lee explained in an interview.
According to this, ETH should break through the resistance at $5,000, which recently defined the all-time high.
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This is how High Ethereum’s Price Target is by the End of 2025
In the medium term, Ethereum’s price target is even much higher, according to Thomas Lee. Due to the large number of positive influences, the cryptocurrency could experience significant gains this year.
“Towards the end of the year, [the price] will be closer to $10,000 to $12,000,” explains Lee. This development is also realistic because “crypto experiences the most movement in the fourth quarter”.
In the 2025 calendar year, the crypto expert expects total gains of 200 percent. Investors should not be intimidated on the way towards $12,000. Then high profits are conceivable.
In September, Lee initially expects a correction before the Ethereum price then makes a brilliant comeback. Holders should not panic during this correction. Instead, they should take the opportunity to buy more coins cheaply.
“With every correction, it is claimed that the final high has already been reached. There has always been an opportunity to buy low since 2022. Remember that you should really buy low,” says Lee.
