Ethereum is projected to potentially reach a new high price surpassing 5,000 USD according to the Pi Cycle Top indicator. Although there is still a possibility of price correction with support at 3,030 USD, Ethereum is currently experiencing strong growth with a price over 3,389.53 USD. With AlejandroBtc’s predictions, ETH could hit 7,000 USD by January 2025 and 14,000 USD by March 2025.