According to Ed Hindi, co-founder of Tyr Capital, market sentiment for Ether is at rock bottom, which raises the likelihood of a near-term price reversal.

Hindi suggests that Ether could retest $4,000 soon and anticipates highs of $5,000 in 2025, translating to possible gains of 86% from its current valuation of approximately 2,673 USD.

Market conditions for Ether now resemble those seen with Bitcoin prior to ETF launches, which could lead institutions to diversify into Ether, similar to their Bitcoin holdings.