After an impressive performance over the past two months, Ethereum (ETH) has reached an important resistance level above $3,953. This could either delay or confirm the ongoing bullish trend. With a fully diluted valuation of about $476 billion and a daily trading volume of around $30 billion, Ethereum has successfully tested its breakout from a multi-year downward trend.
Despite recent gains, Ethereum’s price may pause in the short term to attract more buyers. This comes as Bitcoin (BTC) steals the spotlight, recently pushing past $105k. As a result, the much-anticipated altseason could take longer to develop, as large-cap altcoins struggle to draw in new liquidity, with money still slowly shifting from Bitcoin.
On-chain data from Glassnode reveals that the number of Ethereum whale addresses holding over 10k ETH has been growing rapidly. This increase in whale activity aligns with a decline in the supply of Ether on centralized exchanges, with over 95k ETH withdrawn in the past week alone.
Institutional investors are showing rising interest in Ether, particularly as a way to diversify their portfolios. U.S. spot Ether ETFs have seen over $2 billion in net inflows over the past three weeks. The BlackRock-led ETHA ETF has been a standout, with a record weekly inflow of around $854 million last week.
Ethereum nears key resistance at $3,953 will the rally continue? Read Ethereum price prediction for insights on the next move!
With growing institutional demand and a strong technical setup, Ethereum’s price is targeting $5,250 in the near term, based on the daily Fibonacci extension.
However, for the rally to gain full momentum, Ethereum will need to confirm a breakout, with the weekly Relative Strength Index (RSI) rising above 70%—a level not seen since earlier this year.
The price of ETH might surge to a maximum of $4,332 this year.
The largest altcoin’s price could propel to a maximum of $6,925 in 2025. ETH is expected to cross the $15,575 mark by 2030.
As the altcoin season begins, the short-term gains make Ethereum a lucrative buying option. However, the long-term promises of this programmable blockchain make it a viable long-term crypto investment.
The staking feature for crypto ETFs will likely be approved by the Donald Trump administration. …
The TRUMP price has dropped 90% from its all-time high, which was recorded three months…
BNB is experiencing buying demand as overall market sentiment turns positive. Although the price is…
The wider altcoin market, led by memecoins, has signaled a bullish breakout soon amid ongoing…
Coinbase has held the stance that crypto assets are not securities but instead are digital…
In a massive market like the crypto market, finding a coin to invest in can…
