How High Can it Go? (Analysts Weigh in)

Tl; DR

• After a brutal drop below $ 1,400 in April, Ethereum (ETH) again shows signs of life, recovering key technical levels and exceeding $ 2,000.
• Many analysts are optimistic that the price can increase much more in the near future, some considering a new ATH.

'The Bull Run started'

The second largest cryptocurrency was among the largest disappointments on the market during this cycle. He has not only failed to draw a new summit of all time, but he is also negotiated now lower than before the American elections. However, IIn the last 24 hours, the assets experienced a substantial increase, increasing by more than 10% and exploding over $ 2,000.

Its positive performance could be assigned to the resurgence of the entire cryptocurrency sector, where BTC has skyrocketed by $ 100,000, while industry market capitalization increased above $ 3.250. ETH rally also followed the implementation of Ethereum Pectra upgradeDesigned to improve scaling, scaling and overall efficiency of the network.

Crypto X is now struck by analysts predicting another trend upwards. Captain Faibik supported This ETH finally recovers the daily exponential mobile average (EMA) of $ 1,855. User X estimates that the next critical resistance area is the beach from $ 2,100 to $ 2,140, ​​and if it is resumed, “the bulls will regain control”.

For their part, Ledger Bull suggested that Eth “is no longer a lowering” and “he officially wakes up”. The analyst assumed that the asset had entered the flat accumulation area which, combined with the last pump, signals the potential start of a Bull Run.

“The old King ETH is back, And it is Ready to roar, ”they added.

Lucky and Merlijn, the merchant also described optimistic forecasts. The first foreseen A leap to $ 4,000 in the following months, while the latter thinks that ETH could skyrocket $ 12,000 by the start of 2026. He. base This theory on supposed analogy between Ethereum prices table in the past three years and the bitcoin trained between 2019 and 2021.

Observe certain signals

The overall state of the ETH seems quite optimistic when it more closely examines certain vital indicators. The Netflow Exchange of the Asset, for example, was negative in the last week approximately, stop to a passage from the centralized platforms to self-careful methods, which reduces immediate sales pressure.

In addition, Google research involving Ethereum has been increasing since the last days. This signals the increased interest in investors, in particular retail.

Participants in the market, however, should keep an eye on the relative force index (RSI), which recently entered the lower area of ​​more than 70. indicate This ETH has probably experienced a rapid increase in prices over a short period, which could be a precursor of an incoming correction.