Ethereum (ETH) could be on the verge of a significant rally, potentially reaching its all-time high in 2025, according to a prominent crypto analyst. The anticipated Pectra upgrade, designed to enhance Ethereum’s speed, scalability, and usability, is seen as a key catalyst for this bullish outlook. This prediction aligns with broader market trends, suggesting a favorable environment for Ethereum’s growth.
Two long-term Ethereum holders sold a combined 33,701 ETH worth $89.72 million as the price surged over 10% following Donald Trump’s presidential victory. The sell-off by these major holders suggests profit-taking amidst a broader market rally, despite bullish momentum indicators.
As the cryptocurrency market heats up, Ethereum staking yields are on track to surpass the federal funds rate, providing a strong tailwind for ETH prices. This positive trend is fueled by anticipated interest rate cuts from the Fed and increasing transaction activity on the Ethereum blockchain.
Ethereum (ETH) has experienced a strong week, rising 7% over the past seven days and hitting a current price of $2,545.71. The recent gains continue a positive trend for the cryptocurrency, though volatility persists as evidenced by Bollinger Bands.
Ethereum’s price has dropped by nearly 4% in the past 24 hours, continuing a downward trend that has seen the coin lose value over the past week. This article provides a detailed analysis of the price movement, volatility, and trading volume for Ethereum, offering insights into the current market dynamics.
Ethereum’s recent rally, despite a rebound in the ETH/BTC ratio, might be short-lived, according to 10x Research. They suggest that underlying fundamentals remain weak, and the recent uptick is likely driven by short covering ahead of the CPI data release rather than a fundamental shift. Ethereum’s inflation, challenges facing spot ETFs, and the continued dominance of Bitcoin in the institutional market raise concerns about Ethereum’s long-term viability.
