Ether price hits $5,000 due to fractals and BlackRock buying $500M in ETH

From Cointelegraph

December 07, 2024 06:40 AM:

Ether price has surged to the $5,000 mark, with analysts predicting it could go even higher based on emerging ETH fractal patterns and Bitcoin’s rise above $100,000.

The rally in Ether’s price is being driven by a combination of factors, including increased interest in decentralized finance (DeFi) and non-fungible tokens (NFTs).

Investors are closely watching the cryptocurrency market as Ether and Bitcoin continue to reach new all-time highs, with many expecting further gains in the near future.

The $5,000 mark for Ether is seen as a significant milestone for the cryptocurrency, with some analysts predicting that it could reach even higher levels in the coming weeks.

Read more at Cointelegraph: Ether to $5K on fractals, BlackRock ETH ETF holdings 2x with $500M buy