Crypto
Ethereum Surges 34% as Analyst Sees $6,000 Target
Ethereum has seen significant gains over the past month, rising 34% to trade around $2,440-$2,465.
This outperformance comes despite major cryptocurrencies like Bitcoin experiencing varying levels of growth.
Analyst Tom Lee believes that Ethereum could reach $6,000 if Bitcoin climbs to $150,000 by the end of 2026, driven by a rising ETH/BTC ratio and regulatory clarity from the CLARITY Act.
The surge in Ethereum's price has also been accompanied by strong institutional interest, with U.S. spot Ethereum ETFs seeing $102 million inflows recently.