Will ETH break ATH this round?
Ethereum is looking to break it's previous ATH of $4,380 and during this month has seen a steady increase in price with a rise in volume. The increase is not linked to any specific project, yet would seem to be due to more growth of the network. Still retaining dominance in dApps and NFTs, as well as smart contracts -- ETH continues to deliver the development community the best platform to release on.
Future price prediction
With no signs of growth slowing down, and less speculation from Wall St. I think this is creating a low-risk scenario. Although you can expect people to take profits there will be more price pressure to go up and the new price discovery could push the trajectory further and we may even see $5K sustained, where if this happens with the current friction we will start hearing more rumors of decoupling.
Will we see a correction?
If it does breach the $4,500 range we will see a downswing, but unlike a few months ago, I do not think we will see it dip quite as low to $1,500 -- a correction back down to $3k would be more reasonable on this swing.