If Ethereum is starting to show positive price action again, the altcoin is seeing a wave of bullish predictions from multiple crypto experts about its near-term trajectory, hinting at a potential rally in the coming weeks.
A 63% rally for Ethereum could be on the horizon
In an optimistic one aftermarket expert and enthusiast, Javon Marks has expressed confidence about a possible bullish breakout, pointing to robust upside momentum in the short term. The expert points to several market indications and technical setups that show promising signals, with ETH overcoming recent resistance levels that could set the stage for a price spike.
According to the expert, Ethereum seems to be getting close to another one significant outbreak A bullish break is likely to occur due to a previous confirmation and breakout of the bull pattern, implying a similar price movement for the altcoin as previous positive trends.
As a result, Javon Marks believes that this major breakout will trigger price growth towards the $4,080 level, which is more than 63% away from the current value move. Furthermore, the analyst claims that the development could be the start of a much bigger upside in the coming weeks.
Javon Marks’ expected breakout coincides with growing sentiment and optimism regarding the US economy altcoinwhich means possible renewed momentum. Mark’s prediction also agrees with Ash Crypto, another market analyst and trader, who has done just that predicted that ETH could hit a new all-time high in 2025.
After examining Ethereum’s recent price action, Ash Crypto noted that the altcoin has reached its key trendline support and could trigger a notable price increase. This is due to the fact that the digital asset witnessed a hard pump the last three times it retested the key trendline.
The first time ETH In 2022, the trendline was tested again, it increased by over 123% in a three-month period, the second time caused an increase of about 107% in seven months, and the last time, which was in 2023, caused an increase of more then 158% in about six months. So, if the digital asset were to repeat this move, Ash Crypto is confident that it could witness a 100% rally from its current value to a new all-time high by 2025.
ETH prepares for a rebound?
After a few days of downward movement, ETH investors are starting to show their presence in the market, pushing the altcoin towards a possible recovery. Ethereum is currently trading at $2,460, showing a brief upward move of around 0.60% per day, and slowly approaching the mark. $2,500 price level.
Given the increased interest in ETH, the asset could continue to post more gains as bulls have formed strong support around $2,450. Data from CoinMarkCap shows that ETH trading volume has increased by more than 20% in the past day.
Featured image from Unsplash, chart from Tradingview.com