Analysts say Ethereum (ETH) is getting ready to surge to $2,500, here’s why!

Jakarta, Pintu News – Ethereum ETH->Current ETH PriceRp 0Market Cap-Trading Volume-Circulating Supply- has recently experienced intense selling pressure, with prices briefly falling below the $2,000 threshold. However, recent analysis suggests that Ethereum (ETH) may be due for a significant price surge, with the potential to reach $2,500 in the near future.

Ethereum (ETH) Price Recovery After Sharp Decline

Ethereum (ETH) has experienced many ups and downs since early March, with the price steadily declining until it bottomed out at $1,750 on March 11. This point was the lowest since November 2023. However, after hitting bottom, Ethereum (ETH) started to show signs of recovery and has now returned to around $1,900.

After falling to $1,750, Ethereum (ETH) is showing signs of recovery and has now returned to around $1,900. This price increase brings Ethereum (ETH) back to the descending resistance trend line, which had previously been a barrier to upward price movement during the last downward trend.

Also Read: CryptoQuant CEO Ki Young Ju’s Warning Against Crypto Market End of March 2025

Technical Analysis Points to Potential Surge

An analyst at TradingView highlighted that Ethereum (ETH) is testing critical resistance which, if successfully crossed, could open up opportunities for a significant rally above $2,000. According to the analysis, a breakout above $1,885 could be an ideal entry point.

If Ethereum (ETH) manages to cross the resistance, analysts estimate that the possible price target is $2,596. However, if the bearish momentum is too strong and Ethereum (ETH) is rejected again at the resistance trend line, it is advisable to place a stop loss at $1,700 to manage risk while targeting substantial gains.

Optimism Amid Bearish Market Sentiment

Although the general market sentiment is still bearish, there is still optimism among some analysts and investors who believe that Ethereum (ETH) will soon return to a bullish path. This is supported by an increase in volume which could be a confirmation that Ethereum (ETH) is preparing for a breakout with strong momentum.

Currently, Ethereum (ETH) is trading at $1,895. In the past 24 hours, Ethereum (ETH) reached an intra-day peak of $1,950 before being rejected. However, there is still a chance for another upward push in the next 48 hours, especially if trading volumes increase.

Conclusion: Investment Opportunities in Ethereum (ETH)

With a favorable technical setup and the potential for significant price increases, Ethereum (ETH) offers an attractive investment opportunity for those seeking exposure in the crypto market. Investors are advised to monitor price movements and trading volumes to make informed investment decisions.

Also Read: When will Chainlink (LINK) reach $24? Check out the prediction! Here’s LINK’s Technical Analysis!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Ethereum Bullish Breakout. Accessed on March 20, 2025
• Featured Image: Decrypt