Ethereum (ETH) is making waves today, trading at $2,601.30, marking a 6.25% rise. The crypto market with increased activity as the 24-hour trading volume skyrockets by 72.85%, reaching nearly $26 billion. Investors are buzzing as the coin continues to edge higher after reclaiming key support levels. Over the past week, ETH gained 5.51%, signaling renewed confidence among buyers.
The bullish momentum follows a rebound from a decline around $2,100. Buyers seemed keen to take advantage of the decline and drove the prices beyond the $2,400 range. Today’s rebound is an indication of the change in sentiment in the market with traders taken by the long-term potential and strong technical cues. The price performance of Ethereum today shows a possibility of continued gains that is pulling retail and institutional interest.
Ethereum ETF Staking Event Expected in 2025
Crypto analyst CoinCodeCap Trading identify a potential breakout scenario for Ethereum. After a decline to $2,100, the ETH buyers’ aggressive purchasing saw the price regain the higher side of the $2,400 area. Focus is currently at the 200-day moving average at $2,544. A break above here could seal a trend change.
If ETH manages to surpass this resistance, targets come into focus at $2,760 and even $3,000. The anticipation is high, fueled partly by expectations around an Ethereum ETF staking event in 2025. The support is steady at approximately $2,100-$2,400 with the resistance that shifts upwards. Short-term trends are very bullish with strong momentum despite confusing signals within medium and long-term timeframes.
Ethereum price forecast for 2025
Looking ahead, forecasts for Ethereum’s 2025 price vary widely. DigitalCoinPrice projects a bullish path, with ETH potentially hitting $3,715.17 in early January 2025. They suggest a push beyond $5,000 by the end of the year, possibly reaching $5,663.62. This prediction rests on optimistic investor sentiment and expanding market adoption.
Changelly is against this view. According to their analysis, the price in 2025 is expected to be anywhere between $2,318.51 and $2,613.17 with an average at $2,907.82. This is a indication the investment is bound to yield -33.5%, predicting potential pullbacks and volatility.
Analysts also forecast the average July 2025 price around $2,668.54, a low around $2,429.26 and a high around $2,907.82 with mixed signals for the middle of the year. Generally speaking, the future is uncertain with catalysts such as ETF staking having the potential to remake the landscape.
