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This week, the crypto market experienced major shocks. Bitcoin exploded, reaching a new all-time high of over $110,000. This record dominated all attention. Yet, in the shadow of this giant, Ethereum also regained momentum. Despite performances far from its past peaks, the world’s second largest crypto has shown strong signs of an imminent awakening. Its development now raises many questions about its future in this ever-changing universe.
In brief
- Ethereum recently surged 50% from $1,800 to $2,700.
- The Pectra upgrade significantly improves Ethereum’s efficiency and scalability.
- RSI and MACD indicators confirm a solid and lasting bullish trend.
- Elliott Wave theory predicts a bullish movement potentially reaching up to $3,000.
Ethereum exceeds its limits: a record reigniting ambitions
The spectacular Bitcoin rally raises a key question: will altcoins take over? BTC’s rise creates an electrifying atmosphere. Especially since some major altcoins, like Ethereum, are beginning to outline interesting trajectories. Investors, often cautious, watch these movements with prudence but also curiosity. After a long period of stagnation, interest is returning to high-potential cryptos.
Kyle Doops, a recognized market figure, emphasized:
Ethereum finally showed signs of life. After lagging throughout the cycle, it recorded a 50% jump from $1,800 to $2,700.
This surge, coinciding with the Pectra upgrade of May 7, seems to mark a turning point. This technical update enhances the network’s scalability and efficiency, strengthening investor confidence.
The market remains volatile, however. Ethereum, after reaching peaks near $2,700, recently corrected, positioning around $2,550 at the time of writing. This technical pause doesn’t detract from the strength of the bullish move. This crypto has never been so closely watched.
Ethereum and wave theory: a bullish cycle underway
Technical analysis based on Elliott theory sheds light on Ethereum’s path. This method divides price movements into five impulsive waves, followed by corrections. Since the low of April 9, 2025 at $1,385, Ethereum has evolved according to this structure. The first three waves were successfully crossed, especially the extended third wave, peaking at $2,738.90.
Waves four and five illustrate typical corrections and relaunches. Wave four formed a complex double three, oscillating between $2,478.80 and $2,405.20. Since then, Ethereum has progressed in the final wave, with a series of internal movements suggesting the continuation of the rise.
This instructive reading helps understand why, despite some pullbacks, the trend remains clearly optimistic. As long as the support at $2,405 holds, the crypto keeps its chances of surpassing its historic resistances. This theory provides traders a reassuring framework to anticipate upcoming moves.
Ethereum on the verge of $3,000? What the key crypto market figures say
Ethereum is more than just a digital asset: it is a platform for innovation. Its future in crypto rests on several solid indicators and landmark events.
- The Ethereum price rose 50% in one month from $1,800 to $2,700;
- Key support stands at $2,405, below which the bullish scenario would be called into question;
- The next technical target is around $3,000, with a possible extension to $6,600 according to some Elliott Wave scenarios;
- The Pectra upgrade, deployed in May, is the most important since the 2022 merge, improving scalability;
- The RSI has crossed the 50 threshold, confirming a resumption of bullish momentum.
Despite a recent decline to $2,550, Ethereum maintains a strong position in the race. Its ability to regain key levels shows the crypto is attracting capital again. ETH has even outperformed BTC in relative momentum for several weeks now.
Nehal’s tweet sums up this dynamic well:
Ethereum has surpassed a major horizontal resistance and turned it into support. Technical indicators are encouraging. An acceleration is likely in the coming weeks.
The Ethereum blockchain, a historic driver of the crypto revolution, could well defy all predictions. Arthur Hayes, former CEO of BitMEX, reassures that Ethereum is positioned for a strong renewal, with potential greatly underestimated by the markets. This project remains the epicenter of decentralized innovations, and its future promises to be full of surprises.
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
