Ethereum ETH is currently trading at $3,142.84, having surged 5.63% over the last 24 hours. Weekly gain stands at a substantial 19.67%, with a 24-hour volume surge to $37.49 billion. This surge in volume indicates fresh confidence among traders and robust buying interest in the market.
Crypto analyst Jonathan Carter points to a key technical pattern. Ethereum has broken out of a “cup and handle” on the daily chart. This bullish signal hints at a major uptrend. After weeks of sideways moves, this breakout reflects momentum gaining traction. Carter believes the price could soon test $3,200, $3,500, and even $4,000.
Ethereum Price Predictions for 2025
The DigitalCoinPrice is bullish-tilted. Its prediction approximates that ETH will cross through its previous record high, which was $4,891.70. Its analysts predict a record increase above $6,839.77 towards the end of 2025. If the trend remains, Ethereum could rise progressively from $6,242.88 to $6,839.77.
Not all forecasts include fireworks. Changelly is guarded in their prediction. Setting the highest price in 2025 at $2,973.78, they give a potential ROI of -24.3%. They forecast July 2025 moving around $3,285.39, resistance strong and firm. While short-term increases are called for, longer-term profits look unlikely in this forecast.
Breakout Past Neckline Sparks Interest
Retail and institution investors are paying attention to the recent breakout. The technical breakout through the neckline may be attractive to more capital. The short-term traders have their eyes set at the $3,200 barrier as the next hurdle. The strong resistance it holds above it might draw more buyers in.
However, uncertainty reigns. Market titans are torn between optimism and cautious optimism. Macro trends, regulation, and overall crypto sentiment could push Ethereum one way. Meanwhile, the chart makes most of the noise, current momentum belongs to the bulls, but volatility is always one step behind.
