Ethereum Price Forecast: $5,000 Target Impeding as BlackRock Submits S-1 Statement for Spot Ethereum ETF?

Ethereum price forecast: The ETH price has been consolidating for nine days, indicating a struggle between bears and bulls. The price of the second largest crypto is $3,777 during European business hours, marking a 2.3% decrease in the last 24 hours. The prevailing price is identical to its value from seven days ago, which shows significant bullish resilience despite the selling pressure.