{"id":64973,"date":"2025-05-08T20:03:01","date_gmt":"2025-05-08T20:03:01","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=64973"},"modified":"2025-05-08T20:03:01","modified_gmt":"2025-05-08T20:03:01","slug":"ethereum-eth-is-waking-up-how-high-can-it-go-analysts-weigh-in","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=64973","title":{"rendered":"Ethereum (ETH) Is Waking Up: How High Can it Go? (Analysts Weigh in)"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

After a brutal drop below $1,400 in April, Ethereum (ETH) is showing signs of life again, reclaiming key technical levels and surging past $2,000.<\/span>
\nMany analysts are optimistic that the price can go much higher in the near future, with some envisioning a new ATH.<\/p>\n

<\/a><\/span><\/h2>\n

\u2018The Bull Run Has Begun\u2019<\/h2>\n

The second-largest cryptocurrency has been among the biggest disappointments of the market during this cycle. It not only failed to chart a new all-time high, but it also trades now lower than it did before the US elections. However, i<\/span>n the past 24 hours, the asset experienced a substantial uptick, rising by over 10% and exploding above $2,000.<\/p>\n

<\/a>ETH Price. Source: CoinGecko<\/p>\n

Its positive performance could be attributed to the resurgence of the entire cryptocurrency sector, where BTC skyrocketed<\/a> past $100,000, while the industry\u2019s market capitalization surged above $3.250 trillion. ETH\u2019s rally also followed the implementation of Ethereum\u2019s <\/span>Pectra upgrade<\/span><\/a>, designed to enhance staking, scaling, and overall network efficiency.<\/span><\/p>\n

Crypto X is now rammed with analysts predicting a further uptrend for the asset. Captain Faibik <\/span>argued<\/span><\/a> that ETH is finally reclaiming the daily Exponential Moving Average (EMA) of $1,855. The X user believes that the next critical resistance zone is the $2,100-$2,140 range, and if taken back, \u201cbulls will regain control.\u201d\u00a0<\/span><\/p>\n

For their part, Ledger Bull suggested that ETH \u201cis no longer bearish\u201d and \u201cit\u2019s officially waking up.\u201d The analyst <\/span>assumed<\/span><\/a> that the asset had entered the accumulation flat zone, which, combined with the latest pump, signals the potential start of a bull run.\u00a0<\/span><\/p>\n

\u201cOld king ETH is back, <\/span>and it\u2019s<\/span> ready to roar,\u201d they added.<\/span><\/p>\n

Lucky and Merlijn The Trader also outlined optimistic forecasts. The former <\/span>envisioned<\/span><\/a> a jump towards $4,000 in the following months, while the latter believes ETH could skyrocket to a whopping $12,000 by the start of 2026. He <\/span>based<\/span><\/a> this theory on the <\/span>supposed<\/span> analogy between Ethereum\u2019s price chart in the past three years and the one of <\/span>bitcoin<\/span> formed between 2019 and 2021.\u00a0<\/span><\/p>\n

Observing Some Signals<\/span><\/h2>\n

ETH\u2019s overall condition appears quite bullish when taking a closer look at some vital indicators. The asset\u2019s exchange netflow, for example, has been negative in the last week or so, <\/span>hinting<\/span> at a shift from centralized platforms toward self-custody methods, which reduces the immediate selling pressure.
\n<\/span><\/p>\n

<\/a>ETH Exchange Netflow, Source: CryptoQuant<\/p>\n

In addition, Google searches involving Ethereum have been on the rise for<\/span>\u00a0the past several days. This signals increased interest from investors, especially from retail.
\n<\/span><\/p>\n

<\/a>ETH Google Searches, Source: Google Trends<\/p>\n

Market participants, though, should keep an eye on the Relative Strength Index (RSI), which recently entered the bearish zone of over 70. Readings above that level indicate<\/a> that ETH has likely experienced a rapid price increase over a short period, which could be a precursor to an incoming correction.<\/span><\/p>\n

The post Ethereum (ETH) Is Waking Up: How High Can it Go? (Analysts Weigh in)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR After a brutal drop below $1,400 in April, Ethereum (ETH) is showing signs of life again, reclaiming key technical levels and surging past $2,000. Many analysts are optimistic that the price can go much higher in the near future, with some envisioning a new ATH. \u2018The Bull Run Has Begun\u2019 The second-largest cryptocurrency has […]<\/p>\n","protected":false},"author":0,"featured_media":64974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-64973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64973"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64973"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/64974"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}