Key Takeaways
- Ethereum’s (ETH) price reclaims the key demand zone of $4,220, following the market crash as bulls regain control of the price.
- A bullish price action on a higher timeframe above $5,000 could see traders and investors build more positions.
- Crypto experts speculate that a $6,000 price rally is possible for the second-most-traded crypto asset by market capitalization.
Ethereum’s (ETH) price continues to recover following an over 10% price crash on Friday, after reaching a new all-time high of $4,950. The price of the second-largest crypto asset faced a sharp market decline to the downside.
Despite the price trading towards $3,880 and traders speculating a potential market crash to the downside of $3,600, the price of Ethereum (ETH) has demonstrated remarkable strength in its price action, as it could build on its gains to the upside.
What can we expect from the price in the coming days, and what factors could help its price gain a strong bullish push to the upside despite market uncertainties?
ETH Price Gains Strong Momentum
Source – ETH 1D Price Chart from TradingView
The influence of institutional investors seeking to gain more exposure in the crypto space has been a significant factor in driving the growth of larger-cap cryptocurrencies, as BitMine and SharpLink Gaming continue to purchase more asset despite market uncertainties.
Following strong conviction from these institutional players, they continue to explore different opportunities to buy more of the crypto assets, which could help the price gain a strong rally to the upside in the coming months, as speculation hints at the price trading above $5,000 before the end of 2025.
Additionally, with its spot ETF experiencing a significant influx of inflows, the price shows strength and trades towards potential new all-time highs, possibly reaching $6,000 and above, based on speculation.
These factors have contributed to the price’s reaction towards the key zone, as it has maintained its market trend to the upside, forming bullish swing highs. With the current price rebound, the crypto asset’s price will likely clear its previous all-time highs.
If the price of ETH trades above $5,000, this could set the tone for a further price rally to the upside based on market sentiment.
Expert Sentiment for Price
Crypto expert CryptoPoseidonn on his X account hints at a strong price continuation for the crypto asset following a clean retest and reclaiming its price above a key zone.
With price maintaining current price action and breaking above $5,000, we could see a strong rally to the upside for price.
FAQs
How much is ETH right now?
Price currently trades above $4,220 as bulls aim to continue the uptrend price rally.
Is ETH a buy or sell right now?
Price has shown a buy following the recent price crash to the downside and rebounding from a key zone.
How high can ETH go up?
The price has the potential to reach as high as $7,000 by the end of 2025, according to price predictions.
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