Ethereum Holds Strong at $2,600 — Could ETH Be Headed for $5,000? Analysts Say It’s Possible!

Jakarta, Pintu News – A leading YouTube channel and X account in the crypto space recently expressed confidence that Ethereum will bounce back from its recent lackluster performance and soar to unprecedented prices.

Specifically, Altcoin Daily shared through a post on X that Ethereum – the second-largest cryptocurrency by market capitalization – is expected to easily surpass its highest price in 2021 and set a new record before the end of this year.

Then, how will Ethereum price move today?

Ethereum Price Up 1.52% in 24 Hours

As of June 4, 2025, Ethereum (ETH) was trading at approximately $2,636, or around IDR 43,049,393 — marking a 1.52% gain over the past 24 hours. Throughout the day, ETH fluctuated between a low of IDR 42,300,943 and a high of IDR 43,330,898, reflecting a modest but steady upward momentum.

At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $318.4 billion, with daily trading volume falling 12% to $16.28 billion in the last 24 hours.

Read also: Early June Rocked! Over $250 Million Crypto Tokens Ready to Flood the Market

Ethereum to Break Above $5,000

Altcoin Daily, a well-known YouTube channel and X account managed by two brothers, Aaron and Austin Arnold, shows an optimistic view towards Ethereum.

While many have complained about Ethereum’s underperformance compared to Bitcoin , these leading analysts remain confident that Ethereum will break out of its bearish trend before the end of the year.

In comparison, Bitcoin has risen 12.40% since the beginning of the year, while Ethereum has fallen 22% over the same period. Despite showing strength against Bitcoin in May with a 26.8% surge, the ETH/BTC chart is still down 30% since the start of the year and stands at 0.0248.

However, recent analysis released yesterday suggests that Ethereum has the potential to recover, not by beating Bitcoin, but rather in terms of valuation against the US dollar.

Altcoin Daily specifically predicts Ethereum’s minimum price will reach $5,000 by the end of 2025, calling this achievement “actually very simple.”

If this prediction comes true, Ethereum will not only surpass its current record high price, but also register a growth of about 91.8% from the current price.

Influential Figures Predict Ethereum to Break $10,000

Although many market observers consider the $5,000 target to be an optimistic prediction, some crypto figures believe that Ethereum still has more potential.

One of them is the well-known crypto influencer, Ash Crypto, who predicts Ethereum could double the Altcoin Daily’s target of breaking the $10,000 mark.

Read also: What Can We Expect from XRP in June 2025?

In its analysis, Ash Crypto included a chart showing that Ethereum’s current price movement mirrors the pattern that occurred in 2016/2017.

In the weekly chart, it can be seen that Ethereum was stuck at the resistance level after the initial rally in 2016 and dropped to a price of around $6.40.

After consolidating around the $15 resistance level for several months, Ethereum finally broke through it in March 2017 and shot up more than 2,700% to peak at $420 in June 2017.

Ash Crypto thinks Ethereum is now following a similar pattern, where the $4,100 resistance level has proven too strong in two attempts in March and December 2024.

After falling to a low of $1,383 in April, Ethereum is now showing signs of recovery and eyeing the next supply zone. Ash Crypto predicts Ethereum will be able to break through that resistance and rise 283% to touch $10,000.

In addition, growing investor interest as well as the adoption of Ethereum Treasuries by large corporations also reinforced the positive sentiment.

Ethereum founder Vitalik Buterin also recently revealed plans to increase Ethereum’s layer 1 network capacity by 10 times by 2026 – a move that further reinforces confidence in the future of the Ethereum price.

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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. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Ethereum (ETH) Price Analysis: Is $2,850 the Next Pitstop? Accessed on June 4, 2025.