In a stunning market reversal, Ethereum is surging with unexpected momentum despite trading 55% below its all-time high, fundamentally reshaping crypto market dynamics as it gains central prominence over Bitcoin. Three critical developments are fueling this phenomenon, positioning ETH as the dominant narrative in digital finance while broader uncertainty persists.

Ethereum: 3 Bullish Reasons

According to Leon Waidmann, head of research at Lisk, Ethereum’s mainnet has hit a record transaction of 3.62M. What’s more striking is the fact that this number was achieved in a single day, making ETH a significant market player right now. ETH daily transactions have been trending since November 2025, with Waidmann outlining how Ethereum’s L1 activity is gaining supreme popularity steadily.

Ethereum mainnet just hit a new all-time high in transaction count!

3.62M transactions in a single day. First time ever above 3.0M.

Daily transactions trending up since November 2025
Baseline shifted from ~1.5M to ~2.5M over 6 months
New ATH set on April 12, 2026… pic.twitter.com/CsNlwRNuV2

In addition to this, notable crypto analyst Crypto Patel has also tweeted a similar bullish setup for ETH. The expert noted how ETH is currently projecting a rainbow pattern, which, if manifested the right way, may end up improving ETH price prospects for the better.

The #Ethereum Rainbow Chart is saying one simple thing Right ow.

It's cheap.

Not "okay to buy." Not "maybe wait." Not "hold and hope."

Just cheap.$ETH has only been in this zone two times before. Both times, it reached the "Take Profit" band within 18 months.

$2000-$1500 is… pic.twitter.com/sHwtqmFviB

Lastly, per Ash Crypto, another renowned crypto expert, ETH’s weekly MACD bullish cross has been confirmed, hinting at a possible ETH surge.

HOPIUM:$ETH weekly MACD bullish cross is now confirmed.

The last 2 times this happened, ETH pumped 183% and 75%. pic.twitter.com/sFsWWpRQzG

Tom Lee’s ETH Prediction Stays Consistent Despite Market Uncertainty

FundStrat’s Tom Lee has remained loyal to his ETH prediction, claiming that despite the ongoing market turmoil, ETH is bound to hit as high as $60K in the future.

FUNDSTRAT'S TOM LEE: ETHEREUM IS GROSSLY UNDERVALUED

At Paris Blockchain Week, Lee calls $ETH the backbone of two mega-trends: real-world asset tokenization and agentic AI infrastructure.

Targets: $7K–$9K short-term.
$60K long-termhttps://t.co/Y0xM0jawGl pic.twitter.com/Zp38O6SXTj