Ether approaches $4,700, targets new all-time high: check forecast

Key Points

1. Ether's price surged 8% in 24 hours, reaching $4,622, and is nearing its all-time high of $4,891.

2. Analysts forecast ETH could surpass $5,000 due to bullish technical indicators like MACD and RSI.

3. Spot Ether ETFs attracted $520 million in inflows, with weekly flows expected to exceed $2 billion for the first time.

4. BitMine filed an SEC prospectus to raise up to $24.5 billion to accumulate ETH, aiming to hold 5% of circulating supply.

5. The broader crypto market rebounded, adding nearly $200 billion in 24 hours, with Bitcoin trading above $119,000.