Bybit Analyst Predicts Ethereum’s Rally to $3,500 Amid Market Volatility

Ethereum’s price action is drawing significant attention as analysts speculate a five-wave rally could propel its value to new heights. Bluntz, a renowned trader on Bybit, identifies the current phase as the fourth leg of an Elliott wave pattern, with a potential target of $3,500. Despite geopolitical uncertainties causing short-term disruptions, ethereum has demonstrated resilience, stabilizing around $2,478. This analysis suggests a promising upward trajectory for ETH, making it a focal point for traders and investors alike.

Ethereum’s Five-Wave Rally Points to Promising Price Movement

Speculation around a five-stage upward wave in Ethereum’s price graph has caught market attention. Analyst Bluntz, known as "Master Trader" on Bybit, highlights that the fourth leg of the Elliott wave model is currently in progress, with a $3,500 price target deemed reasonable. Despite short-term disruptions from geopolitical events, Ethereum has stabilized around $2,478, showing resilience amid volatility.

The four-hour chart analysis suggests a brief pause in the fourth wave before the anticipated fifth wave surge. Sustained investor interest could propel broader upward momentum in the coming weeks, reinforcing bullish sentiment for ETH.

Bybit Adds Native USDC Support to Aptos Network

Bybit has expanded its cryptocurrency services by integrating native USDC support for the Aptos blockchain. Deposits will go live on May 26 at 10:00 UTC, followed by withdrawals three days later. Aptos now stands alongside Ethereum and Solana as networks offering direct USDC issuance.

The MOVE simplifies cross-chain asset management for Bybit users, eliminating the need for wrapped tokens or bridge protocols. Traders gain seamless access to liquidity across multiple ecosystems, reinforcing USDC’s dominance in the stablecoin market.