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bitcoin
Bitcoin (BITCOIN)
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ethereum
Ethereum (ETHEREUM)
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binancecoin
BNB (BINANCECOIN)
$599.01 1.31%
solana
Solana (SOLANA)
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ripple
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Shiba Inu (SHIBA-INU)
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bonk
Bonk (BONK)
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bitcoin
Bitcoin (BITCOIN)
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ethereum
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$1,805 -0.81%
binancecoin
BNB (BINANCECOIN)
$599.01 1.31%
solana
Solana (SOLANA)
$145.12 -1.12%
ripple
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$2.10 -3.14%
shiba-inu
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bonk
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binancecoin
BNB (BINANCECOIN)
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solana
Solana (SOLANA)
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ripple
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Bonk (BONK)
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bitcoin
Bitcoin (BITCOIN)
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ethereum
Ethereum (ETHEREUM)
$1,805 -0.81%
binancecoin
BNB (BINANCECOIN)
$599.01 1.31%
solana
Solana (SOLANA)
$145.12 -1.12%
ripple
XRP (RIPPLE)
$2.10 -3.14%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -2.12%
pepe
Pepe (PEPE)
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bonk
Bonk (BONK)
$0.000018 0.83%
bitcoin
Bitcoin (BITCOIN)
$94,452 -0.29%
ethereum
Ethereum (ETHEREUM)
$1,805 -0.81%
binancecoin
BNB (BINANCECOIN)
$599.01 1.31%
solana
Solana (SOLANA)
$145.12 -1.12%
ripple
XRP (RIPPLE)
$2.10 -3.14%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -2.12%
pepe
Pepe (PEPE)
$0.000008 -4.19%
bonk
Bonk (BONK)
$0.000018 0.83%
bitcoin
Bitcoin (BITCOIN)
$94,452 -0.29%
ethereum
Ethereum (ETHEREUM)
$1,805 -0.81%
binancecoin
BNB (BINANCECOIN)
$599.01 1.31%
solana
Solana (SOLANA)
$145.12 -1.12%
ripple
XRP (RIPPLE)
$2.10 -3.14%
shiba-inu
Shiba Inu (SHIBA-INU)
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pepe
Pepe (PEPE)
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Bonk (BONK)
$0.000018 0.83%
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Ethereum Price Forecast: Why ETH Could Soon Retest Its All-Time Highs

Highlights:

  • Ethereum is in a bullish channel, making higher lows as it trends toward $4000
  • Bullish sentiment across the market could drive Ether momentum going forward
  • A rally through $4000 could see Ethereum hit $4800 in the short term

Ethereum continues building on the momentum it had built even before Bitcoin’s pump today. Since pushing through $3500, Ethereum has been edging higher, and the more it rises, the more investor sentiment turns in its favor.

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A few months ago, Ethereum sentiment on the CoinMarketCap sentiment tracker was bearish. This was quite odd given that all other top 100 altcoins have largely had bullish sentiment in recent months.

At the time of going to press, Ethereum was one of the top performers among the top 100 cryptocurrencies. Ethereum was trading at $3930.17, up by 5.18% in the day. Ethereum trading volumes were also on the rise, up 48% to hit a high of $65.74 billion. It is another indicator that sentiment around Ethereum is getting stronger by the day.

Technical Analysis – Ethereum Price Making Higher Lows in a Bullish Channel

The rising bullish sentiment around Ethereum is also quite evident in Ethereum’s trading chart. In the last 48 hours, Ethereum has been making higher lows while trading in a bullish channel.

Ethereum Price
Source: TradingView

This is an indicator that every single dip that Ethereum makes is being bought up. It goes to show that despite its recent accelerated price rally, investors expect Ethereum to keep going higher.

Money Flowing Into Ether as Investors Seek Higher Gains

The sentiment around Ethereum is not without basis. In all cryptocurrency bull cycles, money first flows into Bitcoin, then Ethereum then into the lower-cap altcoins. So far, Bitcoin has been pumping relative to the broader market. This has culminated in its price pushing through $100k. This has seen money now start flowing into Ethereum as has happened in past cycles. 

If the momentum continues and Ethereum pushes through $4000, even investors who have been sitting on the sidelines could start taking an interest in Ethereum. The result is that Ethereum could see its price rally to new highs as FOMO starts to build up.

Institutional Money Continues to Flow Into the Ethereum

However, it is not just the FOMO of a potential rally as money starts to rotate through the cycle. There is also the element of institutional money anchoring the price. For the better part of their history since launch, Ethereum ETFs have been bleeding money. 

However, this has changed in recent weeks, and Ethereum ETFs continue to record a positive flow of money. This could open the way for Ethereum to easily rally through its all-time highs due to the strong demand surpassing supply.

Analysts are Turning Bullish on Ethereum

The upside momentum around Ethereum could also be sustained by analysts starting to make strong bullish predictions. One analyst named Venture Founder has put out a strong prediction for Ethereum.

He notes that Ethereum could be headed for a high of $15,937 by May 2025. His prediction is based on technical analysis that shows Ethereum breaking out of a 3-year triangle. He notes that this breakout would be a replica of what Ethereum did in the 2016-2017 cycle.

Another analyst named EthProfit has even stronger predictions for Ethereum. He notes that Ethereum could be headed for a high of $32k within this cycle. While not all these predictions could turn out accurate, they could trigger FOMO like happened in past cycles.

This could mean that at the very least, Ethereum could be headed for a rally to $10k or higher in the foreseeable future. Other factors such as Ethereum’s reliability compared to its competitors could add to the momentum and help push the price to new highs.

A Recap on Ethereum Price

Overall, Ethereum could just be getting started despite the impressive price action it has recorded so far. Besides Bitcoin lifting the entire market, Ethereum could soon see its price rally to new highs in the short term.

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