Ethereum has recently reached an 8-month high in new addresses, sparking speculation on whether its price can hit $5,000. This surge in new addresses indicates growing interest and adoption of the cryptocurrency. Investors are closely watching Ethereum’s performance, hoping for a significant price increase. The current market trends suggest a positive outlook for Ethereum, but it remains to be seen if it can reach the $5,000 mark. Overall, the cryptocurrency market is experiencing increased activity and excitement, with Ethereum leading the way in new address growth.