As the price of Ethereum ( ETH ) continues to rise, market expectations for it to break historical highs are becoming increasingly strong. According to data from the decentralized prediction platform Polymarket, the probability of Ethereum reaching a new high this year is as high as 74%. However, the author believes that ETH is not only likely to break historical highs but also may surpass the $5000 mark, which requires only about a 10% rise.



The core value of Ethereum lies in the prosperity of its ecosystem. The total locked value ( TVL ) is one of the important indicators for measuring ecosystem health. Currently, the TVL on the Ethereum chain has surpassed 90 billion USD, approaching the historical high of 100 billion USD. The growth of this data shows a clear positive correlation with the rise in ETH prices, indicating the continuous development of the ecosystem.

It is worth noting that although the current market enthusiasm is mainly influenced by the entry of institutional investors, the intrinsic value of the Ethereum ecosystem is still steadily increasing. This growth, although relatively slow, lays a solid foundation for the long-term development of ETH.

In addition to TVL, the total issuance of on-chain stablecoins is also a key indicator worth paying attention to. The growth of stablecoins not only reflects users' trust in the Ethereum network but also demonstrates the activity and liquidity status of the entire ecosystem.

The performance of Bitcoin (BTC) is equally noteworthy. If BTC can rise above the $120,000 threshold again, or even create a new high, it will inject strong momentum into the entire cryptocurrency market. This synergy may further drive the rise of ETH.

In summary, Ethereum is in a unique stage of development, where market enthusiasm and ecological development create a positive interaction. With the continuous influx of institutional funds and the ongoing improvement of the ecosystem, Ethereum is expected to reach new milestones in the near future. However, investors should remain cautious and closely monitor market trends and potential risks.
ETH0.54%
BTC0.45%
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DogeBachelorvip
· 08-13 23:05
Bull, once it hits 5000, will Rug Pull.
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AllTalkLongTradervip
· 08-12 06:38
We go all in during every bull run.
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OnchainGossipervip
· 08-11 08:53
Still hesitating to buy the dip? It's already run too high.
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MondayYoloFridayCryvip
· 08-11 08:52
5000 USD is not a bit of a panic, All in money is already on the way.
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ChainSherlockGirlvip
· 08-11 08:52
74% is too conservative, right? Looking at my on-chain data analysis, breaking 100k USD this year is not a problem.
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BearMarketSurvivorvip
· 08-11 08:50
The car has started, bosses. Buckle your seatbelts.
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GasFeeCryvip
· 08-11 08:33
Barbie Q, five thousand dollars is a small matter!
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