Following a brief dip below $3,000 during the recent market turmoil, Ethereum (CRYPTO:ETH) has shown resilience and is now poised for a strong recovery and potential new all-time highs.

Analysts remain optimistic, with projections ranging from $4,000 to as high as $8,000 next year.

Lucky, a prominent figure with over 2 million followers, described ETH's recent drop as a strategic buying opportunity, advising caution in the short term.

Mikybull Crypto sees ETH completing its bullish pattern retest and anticipates a move towards $4,000, while bullish forecasts from McKenna and Poseidon aim even higher, targeting $5,000 and potentially $8,000 respectively.

The imminent launch of spot Ethereum ETFs in the US, expected around mid-July according to industry experts, could further catalyse Ethereum's upward trajectory.