Ethereum has surged past $4,000, driven by strong whale accumulation and bullish on-chain data, signaling a potential new all-time high. With 92% of holders in profit and a "cup and handle" pattern suggesting upward momentum, analysts predict targets of $5,349 to $7,238 by Q1 2025, with long-term forecasts reaching as high as $15,937. Ethereum's recent performance outpaces Bitcoin and other altcoins, highlighting its growing dominance in the market.