Ethereum set to surge to $2,850, but analysts predict potential downside

Updated

May 15, 2025

Gambar Ethereum set to surge to $2,850, but analysts predict potential downside

Jakarta, Pintu News – Ethereum has recently shown a significant recovery, managing to regain its position within the macro price range it lost last March. Nonetheless, some analysts are warning about potential volatility and price drops that may occur before the cryptocurrency resumes its rise.

Ethereum: Side Moves Before Jumping Higher

After experiencing a rise of almost 45% in the past week, Ethereum (ETH) has reclaimed the $2,200-$3,900 macro price range it lost in March. In late April, the cryptocurrency managed to recover from an 18-month low of $1,380, surging towards $1,800 resistance before finally breaking out last Thursday.

Ethereum (ETH) made it past the $2,000 resistance and re-secured the important $2,100 and $2,300 levels before retesting the $2,600 resistance over the weekend. Since then, the cryptocurrency has been moving in the $2,400-$2,600 price range, reaching a two-month high of $2,624 on Monday.

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Short-term Price Analysis and Predictions

Castillo Trading, a market watcher, emphasized that Ethereum (ETH) is on the right track by building a base at an important level before resuming its next rise. According to the analyst, the $2,400-$2,700 zone will be Ethereum’s (ETH) trading range in the next few days after retesting the range lows as support, with some fluctuations in both directions before resuming the next leg up.

Daan Crypto Trades, another trader, highlights that the current level is crucial as it could determine the cryptocurrency’s short-term direction. If Ethereum (ETH) loses this key area, the price could drop to $2,300 or even below the $2,100 support. “In that case, just wait for consolidation to form at that level,” he explained.

Potential Downside and Upside

Rekt Capital, another analyst, points out that Ethereum (ETH) has secured a key Weekly Close after closing the week at $2,514 and officially reclaiming its Macro Range. Based on history, ETH is likely to “gradually rise across the Range” over time, while “any decline, if needed at all, would only reinforce $2,200 as Low Range support.”

However, if that level is lost, Ethereum (ETH) could experience a 10%-15% pullback towards the $2,200-$2,100 mark. Rekt Capital also noted that the second-largest cryptocurrency has managed to fill the $2,530-$2,630 CME Daily Gap created in March.

Conclusion

With all these market dynamics, market participants and investors are expected to remain vigilant of Ethereum (ETH) price movements that can change at any time. Understanding the key levels and potential scenarios that could occur will be very helpful in making the right investment decisions.

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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. Crypto trading activities are subject to 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.