Can the price of Ethereum return $4,000? Analysts say ETH needs to go beyond this support

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Can the price of Ethereum return ,000? Analysts say ETH needs to go beyond this support

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Ethereum’s price started the week and surpassed the $2,800 level for the first time since February 2025. But tensions between Israel and Iran are escalating, with Iran hurting risky assets, and Bitcoin and Ethereum are under much of the downward pressure in the cryptocurrency market.

Ethereum’s price has dropped from above $2,800 to $2,500 at $2,500, reflecting a major breakthrough in Altcoin’s recent bullish advancement. However, historical price data shows that as long as the price of Ethereum stays above the $2,500 support, the price of Ethereum will be fine.

Can Ethereum prices go back to $4,000?

In the latest article on social media platform X, crypto analyst Rekt Capital explains the current Ethereum price setting after its latest decline and may have potential impact on its future trajectory. According to online experts, the second largest cryptocurrency has established a $2,500 area as a massive support pad.

After a tough year in the first quarter of the year, Ethereum’s price experienced an explosive start in May, recovering to over $2,000. However, AltCoin has been struggling to earn more than $2,800 in losses before the past week, usually reaching $2,500 in support after rejection at that resistance level.

According to Rekt Capital, Ethereum prices have shown high stability over the past five weeks above $2,500. The crypto analyst noted that if this trend continues, Altcoin’s value could see a huge increase and return to the $4,000 region.

Rekt Capital stressed that the $2,500 support was supported, and past Ethereum prices have boosted the past $4,000. As shown in the chart below, ETH’s price has taken a huge turn at the end of 2024 after hovering around $2,500 throughout August to October.

Ethereum Price

Source: @rektcapital on X

Ethereum’s last price was $4,000, in mid-December 2024, with a nearly 60% crash at the beginning of the year. ETH’s return to peaking peaks in this cycle can mark the beginning of a rather expected Altcoin season.

As of this writing, ETH priced at about $2577, reflecting a nearly 3% drop in the past 24 hours.

Ethereum has reached five years of advantage

In another post on X, Rekt Capital revealed that Ethereum’s advantage has been climbing over the past few days. The latest data shows that Altcoin has now achieved a 10% market advantage for the first time since 2020, continuing its upward trend.

If this positive trend continues and the market dominance of altcoins continues to rise, investors can see Ethereum’s price in an impressive upside. Additionally, this could also mean reducing the advantages of Bitcoin and increasing the likelihood of seeing a season in this cycle.

The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView

Featured images from Istock, charts for TradingView

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