Ethereum is making a serious comeback in 2025 — and it’s turning heads. After a rough start to the year and underperformance against rivals like XRP, crypto analyst VirtualBacon believes Ethereum still holds the crown among altcoins. With a spot ETF approval, solid fundamentals, and a key breakout forming on the charts, ETH could be gearing up for a massive move.
Let’s break down what’s fueling Ethereum’s rebound and why it may still be the top altcoin to watch.
The altcoin market has come roaring back in May, gaining 15.59% since the start of the month. Ethereum is one of the top performers over the past 30 days, rising by 52.1%. Other notable gainers include Solana (up 29.7%), XRP (up 15.8%), and BNB (up 9.2%).
Still, Ethereum recently slipped 2.2% in the past 24 hours, while XRP climbed 3.6%. This shows Ethereum is still fighting to catch up in the short term, even though its monthly gains are impressive.
Ethereum’s 2025 performance has been rocky. From January to April, ETH saw four straight monthly losses:
In contrast, Bitcoin has surged over 50.96% since November 5. Ethereum, on the other hand, has barely moved, rising just 2.07% in that time. But May brought a shift. ETH rallied 36.3% to hit $2,449.99, hinting that a trend reversal might be underway.
A key bullish signal is emerging from the ETH/BTC pair. Since January 1, ETH has dropped 32.81% against BTC. But since May 8, it has bounced over 28.25%, including a 32.3% jump between May 8 and 10.
According to VirtualBacon, this rebound from multi-year support levels could be the start of a broader altcoin season.
VirtualBacon outlines four core strengths that give Ethereum a long-term edge:
He argues that no other altcoin ticks all these boxes simultaneously. He also notes Ethereum’s dominance in powering stablecoins, Real World Assets (RWAs), and the DeFi ecosystem, despite rising competition from Solana.
Most importantly, Ethereum is the only altcoin with a spot ETF approval, adding a significant layer of institutional credibility.
VirtualBacon blames the Federal Reserve’s Quantitative Tightening (QT) for Ethereum’s sluggish growth. He believes ETH will break out once the Fed pauses QT—potentially in Q3 or Q4 2025.
If Bitcoin reaches $200K–$250K, he expects Ethereum to rally towards $10K–$12K in late 2025 or early 2026.
VirtualBacon’s Fibonacci analysis suggests:
Currently, Ethereum trades at 0.02396 BTC, showing major room for upside.
As per our ETH price prediction 2025, the ETH price could reach a maximum of $5,925.
According to our ETH Price Prediction 2030, the ETH coin price could reach a maximum of $6,925 in 2025. ETH is expected to cross the $15,575 mark by 2030.
As per our Ethereum price prediction 2040, Ethereum could reach a maximum price of $123,678.
By 2050, a single Ethereum price could go as high as $255,282.
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