Ethereum's price could potentially exceed $5,000, according to CryptoQuant, which bases this prediction on its proprietary price band analysis. The current trading price is around $3,920, with an upper band at $5,200, reflecting levels from the 2021 bull market. Despite volatility, Ethereum has shown resilience, recovering from mid-summer lows below $2,500 and maintaining an upward trajectory in late 2024.