Ethereum is now trading comfortably above the $2,000 level, and the Bulls pushed the price to a local high of $2,490 before looking for resistance. After months of sales pressure and low sentiment, Ethereum appears to be forming a new structure as it regains a key stance. The sharp rally reignited optimism in the Altcoin market, especially as Bitcoin consolidated near its all-time high. This weekend may be key – volatility could accelerate throughout the cryptocurrency space and Ethereum could lead if bullish momentum continues to move forward.
Top analyst TED Pillow shared an optimistic outlook, pointing out that the recent rally is just the beginning. According to Pillows, Ethereum is expected to disrupt more than $12,000 in 2025, driven by fundamentals, expanded institutional interests and improved network efficiency. His belief stems from Ethereum’s leadership in DEFI, real-world tokenization and Stablecoin infrastructure, which he believes will intensify long-term adoption.
Now that ETH holds a $2,000 threshold of over $2,300 and testing support, market participants are watching closely for follow-ups. The continued rebound from here can confirm the bullish phase, laying the foundation for Ethereum, which continues to outperform performance as speculation grows in the playoffs.
Ethereum
After a sharp breakthrough, Ethereum’s merger was below the $2,400 level, and it grew more than 35% in two days. The rise in price has sparked bullish sentiment across the market, pushing ETH to key demand areas where buyers continue to defend support. After months of downward pressure and bearish structure, Ethereum shows signs of a new sustainable trend. Analysts say this breakthrough could be a spark for a wider Altcoin rally, and after years of decline, many tokens are still undervalued.
According to the pillow, the rally was just the beginning. He believes Ethereum is more than $12,000 on its road in 2025. His belief comes from several overlapping catalysts that support long-term price increases.
Ethereum has become the main destination for Altcoins institutional capital, especially in real-world assets, decentralized finance and Stablecoins. In addition, expectations are growing around the approval of Ethereum ETF products, which will further reduce supply and increase demand.
Recent Pectra upgrades have started burning a lot of ETH, tightening supply as demand collects. The pillow also points to macro headwinds – especially potential shifts in monetary policy with the Federal Reserve and other central banks later this year. If global environmental changes risk, Ethereum may be one of the biggest beneficiaries. Currently, the price structure is still strong, and with the Bulls’ support, optimists have established optimism that ETH prepares for bigger moves.
Ethereum regains momentum after Sharp rally: $2,500 remains the first major test
The Ethereum daily chart shows a strong breakthrough in the merger, with ETH exceeding the $2,000 psychological barrier and marking a local high of nearly $2,490. The move marks one of the sharpest two-day rally in recent months, driven by new market confidence and strong momentum in the cryptocurrency space. Daily peaks support this move, indicating real buying interest rather than a brief squeeze.
However, ETH has now stopped below the 200-day exponential moving average (EMA), currently at about $2,427 and just below the 200-day simple moving average (SMA), at $2,699. These two levels propose the first important resistance zone that the bulls must overcome to maintain the breakthrough and confirm the new trend structure. Currently, Ethereum has a resistance of 2,200-$2,250, turning it into support.
If ETH can consolidate this new foundation and maintain a bullish structure, the next target could be the $2,700-$2,900 range, which is also consistent with the moving average. Failure to maintain this level may trigger a retest of the $2,000 grouped area. Overall, price action remains bullish, but Ethereum must defend the average of recent earnings and flip keys to expand the rally to a full recovery trend.
Featured images from DALL-E, charts from TradingView
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