Financial research firm Fundstrat predicts Ether will hit $5,500 after a brief dip to $4,200. Ether hit a weekly high of $4,750 but dipped below $4,300 before recovering to near $4,400. Analysts expect choppy price action until the bull market support band catches up. Grayscale has been staking thousands of ETH lately. Source: Tradingview.

Ethereum’s potential to reach all-time high price levels is increasing as the US economy weakens. Analysts anticipate a bounce driven by a constructive technical setup and potential Federal Reserve policy easing. Any dips in the near term are seen as strategic accumulation opportunities before an expected rally. SharpLink Gaming holds 838,730 ETH worth $3.67 billion.

Grayscale continues to accumulate ETH, adding 23,823 ETH worth $103 million to its treasury. Analyst Joseph Chalom believes Ethereum is becoming the foundation of global finance and the trust layer for the next financial system. Institutions remain bullish on the future of Ethereum as it continues to gain momentum in the market.

Read more at cointelegraph.com: Fundstrat Forecasts Ether Rally To $5,500 After Brief Dip