Ethereum Price to Hit a New ATH in the Next 30-36 Days: Here’s Why

Bitcoin’s (BTC) recent price surge above $101k has sparked a wave of positivity across the altcoin market, with Ethereum (ETH) taking the lead. Fears of further crypto capitulation have eased, especially with less than a week left before the much-anticipated second inauguration of pro-crypto U.S. President-elect Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President

The political shift in the U.S. is set to pave the way for broader global adoption of digital assets and Web3 protocols. Currently, over 562 million people around the world own crypto assets, signaling that adoption is still in its early stages, with huge growth potential ahead.

Ethereum’s Bullish Setup: What the Charts Say

Technically, Ethereum’s price has been preparing for a significant upward move over the past year. As one of the largest altcoins, with a fully diluted market cap of about $407 billion and a daily trading volume of $26 billion, Ethereum has been forming an inverted head and shoulders (H&S) pattern. This setup is supported by a strong level at around $2,923, indicating a potential price breakout soon.

With a major resistance level near $4,060, Ethereum is aiming for a new all-time high, helped by growing institutional interest. Additionally, renewed attention from U.S. spot Ether ETFs has contributed to reducing Ether’s circulating supply, boosting the bullish outlook.

Ethereum’s Dominance

Ethereum continues to lead the Web3 space, attracting top developers due to its vast ecosystem and strong support from well-known investors. Co-founded by Vitalik Buterin Vitalik Buterin   Vitalik Buterin is a well-known tech geek, influencer, and computer programmer. To promote the blockchain, he started Bitcoin Magazine and provided blockchain information for cryptocurrency investors. In 2015, he co-founded Ethereum, a blockchain platform that contributed to decentralized finance.   Quick Facts   Full name Vitaly Dmitrievich Buterin Birth 31-01-1994, Kolomna, Russia Education University of Waterloo Wife/Partner To be updated / Not Married Famous for Ethereum, ETH, Blockchain advocate/promoter  Net Worth $1B (refer for realtime)   Buterin recognized the need for decentralized finance and used smart contracts to publish the Ethereum whitepaper.  His contributions paved the way for Ethereum's transition to Proof-of-Stake, which proved to be scalable and effective. Furthermore, he introduced Ether (ETH), the blockchain platform's native coin. A Timeline of Vitalik’s Career Co-founded Bitcoin Magazine (2011) – Established one of the first crypto publications, writing extensively on Bitcoin and blockchain. Authored Ethereum Whitepaper (2013) – Proposed a blockchain with smart contract functionality for decentralized applications (d Apps). Co-founded Ethereum (2015) – Launched Ethereum after a successful $18M ICO, revolutionizing the blockchain ecosystem. Developed Ethereum Virtual Machine (2015–2016) – Created the EVM, enabling developers to build and deploy smart contracts. Worked on Ethereum Scalability (2017–2021) – Contributed to Layer 2 solutions like Rollups, Plasma, and Sharding. Led Ethereum’s Transition to Proof-of-Stake (2018–2022) – Helped develop and implement Ethereum 2.0, merging the Beacon Chain in 2022. Blockchain Research & Cryptography (2016–Present) – Focused on zk-SNARKs, privacy tech, and decentralized governance models. Philanthropy & Crypto Advocacy (2017–Present) – Donated millions in crypto for pandemic relief, AI research, and financial inclusion. Other Useful links to connect with Vitalik Buterin   Platform Link GitHub https://github.com/vbuterin Ethereum Official Website https://ethereum.org Vitalik’s Blog https://vitalik.ca     EntrepreneurCrypto and Blockchain Expert Ethereum has grown into a thriving Web3 network, with a total value locked (TVL) of $67 billion and a stablecoin market cap of $114 billion.

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The Pectra Upgrade

Looking ahead, Ethereum’s core developers are planning the Pectra upgrade, which is expected to be completed by the end of Q1 2025. The upgrade aims to enhance both the execution and consensus layers of Ethereum to support future growth.

A key feature of the Pectra upgrade is EIP-7702, which will allow regular wallets to temporarily function as smart contracts during transactions, improving security. Another important change is EIP-7251, which will increase the staking limit for validators from 32 ETH to 2048 ETH, making Ethereum’s network stronger and encouraging more participation.

While the world watches, Ethereum is quietly laying the groundwork for the next chapter in blockchain technology.

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