like Ethereum Starting to show positive price action once again, the altcoin is seeing a wave of bullish expectations from many cryptocurrency experts about its short-term trajectory, indicating a potential rally in the coming weeks.
Ethereum’s 63% rally could be on the horizon
Optimistically mailJavon Marks, market expert and enthusiast, expressed confidence in the potential for a bullish breakout, pointing to strong upside momentum in the near term. The expert points to several market indicators and technical setups that are showing promising signs, with ETH overcoming recent resistance levels that could pave the way for a price rally.
According to the expert, Ethereum seems to be getting closer to the other Big breakthrough An upward breakout is likely to occur due to the confirmation of the previous bullish pattern and breakout, implying similar price action for the altcoin to previous positive trends.
As a result, Javon Marks believes that this major breakout will see the price grow to the $4,080 level, which is more than 63% away from the current value movement. Additionally, the analyst claims that the development could be the start of a much larger uptrend in the coming weeks.
The expected breakout of Javon Marks coincides with growing sentiment and optimism towards… Alternative currencyShowing potential renewed momentum. Mark’s prediction also aligns with Ash Crypto, another market analyst and trader, who made it expected ETH could reach a new all-time high in 2025.
After examining Ethereum’s recent price action, Ash Crypto noted that the altcoin has reached key trend line support capable of igniting a notable price rally. This is due to the fact that the digital asset experienced a strong pump the last three times it retested the major trend line.
First time Ethereum It retested the trend line in 2022, rising over 123% in a 3 month period, the second time caused a ~107% increase in 7 months, and the last time, which was in 2023, resulted in a surge of over 158% In about 6 months. Hence, if the digital asset repeats this move, Ash Crypto is confident that it could see a 100% rise from its current value to a new all-time high in 2025.
ETH preparing for a recovery?
After a few days of downward movement, Ethereum investors They are starting to make their presence felt in the market, pushing the altcoin towards a potential recovery. Ethereum is currently trading at $2,460, showing a short upward movement of around 0.60% daily increase, and is slowly approaching the level $2500 Price level.
Given the growing interest in ETH, the asset could continue to see further gains as the bulls formed strong support at the $2,450 mark. Data from CoinMarkCap reveals that ETH trading volume has risen by more than 20% in the past day.
Featured image from Unsplash, chart from Tradingview.com