With ETH trading near $3,800, traders are optimistic about a potential breakout above its all-time high, driven by strong market sentiment and institutional interest.
Ethereum's price has surged 80% over the past month, currently trading at approximately $3,800. Traders on Myriad express increasing bullishness for a breakout above its all-time high, influenced by Bitcoin's dominance. Analysts view Ethereum as a key macro trade, with projections indicating a long-term value of $60,000 and over 60% of stablecoins being Ethereum-based, which drives demand for the token.