Ethereum Rockets Toward New Highs—Wall Street’s Late to the Party Again

Ethereum’s bullish momentum hits overdrive as institutional FOMO meets DeFi’s relentless innovation. The smart contract giant—already up 300% since its 2023 lows—just triggered a fresh wave of speculative frenzy.

Key drivers? The Merge’s afterburners are finally kicking in. Layer-2 adoption is exploding while gas fees crater. And yes, those Goldman Sachs research reports suddenly ’discovering’ crypto are adorable.

But here’s what the suits won’t tell you: Ethereum’s real value isn’t in price charts—it’s in the unstoppable army of developers building the internet’s backbone. While TradFi analysts debate ’store of value’ theories, the chain just processed another $12B in stablecoin transfers before their coffee got cold.

Prediction? The coming surge won’t be a straight line. Expect volatility, shaken-out weak hands, and at least three CNBC segments asking ’is this a bubble?’ Spoiler: They’ll still be asking at $10K.

$2,476 is stable at $2,479, yet analysts indicate a need for closures above $2,700 to trigger a broader altcoin rally. Investors eagerly monitor the ETH graph, anticipating a major turnaround that they have been awaiting for years. The article delves into recent significant signals and the forecasts of various crypto analysts.

ContentsEthereum (ETH) Bottom SignalETH Analyst Predictions

Ethereum (ETH) Bottom Signal

Today, we highlight over 1,000 days of consistent depreciation in ETH’s value against BTC. Though the prolonged decline is disheartening, such downturns do not persist indefinitely in the cryptocurrency world. Currently, ETH appears poised to rebound as it transitions into a new upward cycle.

Mister Crypto, verifying this with historical stochastic RSI data, anticipates a repeat of history where previous bottom signals led to substantial ETH price increases. This bodes well for both ETH and altcoin investors, suggesting an optimistic outlook for future performance.

ETH Analyst Predictions

Analyst Michael Poppe previously predicted a potential drop to $2,400, labeling it the final buying opportunity. ETH did climb above $2,700, only to fall as predicted back below $2,400, before rebounding. Poppe remains confident in his analyses, providing insights into the current ETH situation.

Michael, sharing the chart, stands by his forecast. He asserts that the last correction is over and a drop below $2,400 is unlikely, projecting potential growth to ranges between $3,500 and $5,000 with stable closures above $2,700.

TraderXO shared his chart pointing towards a notable resistance level indicating a significant rally following the extended December sell-off. He notes the possibility of a correction which might see ETH constrained within a range, likely attracting buyers again over time.

A supplementary chart shared by Jelle, supports ETH’s bullish stance. It shows TOTAL3 holding above a key resistance, continuing its journey to a new ATH, indicating stronger investor risk appetite and suggesting reduced resistance for ETH moving forward.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.