Ethereum has recently surged above $2,200, prompting analysts to suggest that the bear market may be over. One analyst has even called $5,791 an ‘easy’ target for the cryptocurrency. This price movement reflects growing confidence in Ethereum’s market performance and its underlying technology. The resurgence is attributed to increased adoption of decentralized finance (DeFi) and non-fungible tokens (NFTs), which are built on the Ethereum network. These developments highlight the importance of blockchain technology in reshaping financial systems and digital assets.
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