Ethereum Price Hits New High as Analysts Predict Record-Breaking Rise

The Ethereum network continues to experience growth in demand, leading to increased transaction fees and congestion. However, this has not deterred investors from buying into the cryptocurrency, with many analysts predicting a significant price increase.

A recent short squeeze has confirmed that Ethereum's price may reach $2,250. This is based on market activity and technical analysis, but it remains unclear whether the price will actually hit this level.