Ethereum price is showing strong upward momentum, rising roughly 5% in the past week. Currently, ETH is holding steady near $2,600 after a sharp rebound. This move follows a bullish breakout from a descending triangle pattern that had limited its earlier gains. Ethereum has successfully broken key resistance levels, reflecting renewed strength in the altcoin market.
The recent increase in Bitcoin’s price has brought more hope to the entire crypto industry. After spending some days near $2,500, Ethereum has made its move, pushing its price above $2,600, which has experts expecting a rally.
Ethereum may go up more in the near term, thanks to the overall upward trend in the crypto market. Ethereum’s rising bullish sentiment is clear in this surge in price.
Ethereum Price Eyes $4000 After Bullish Breakout
A crypto analyst tweeted about the Ethereum price recent price movement, highlighting strong gains over the past few weeks. The price has consolidated within a tight bullish pennant pattern. This formation follows a breakout from a descending broadening wedge. The analyst expects a continued upward move once the pennant clears.
Ethereum is predicted to get close to $4,000 in the near future. This shows that investors have become more positive after the recent period of consolidation. Many investors are keeping an eye on the pennant, waiting for any indication of a breakout. Should the forecast prove correct, the upward price trend could continue in the short term.
$Eth #Eth Updating All Of You Step By Step, And Already Gives Solid Profits In Recent Few Weeks, Now Consolidating With Tight Bullish Pennant After Breaking Descending Broadening Wedge, Expecting Move Towards 4000$ Once Pennant Got Cleared pic.twitter.com/tNfL5bDImO
— World Of Charts (@WorldOfCharts1) May 27, 2025
The crypto expert indicates that the ETH price is maintaining stability around the $2,500 level. This price point acts as a base after recent market movements. The analysis highlights that ETH is within a consolidation phase, fitting into a larger four-year market cycle. This stage appears to prepare the asset for a possible upward move.
Looking ahead, the next price target is set at $4,000. The chart shows a likely breakout from the current range, suggesting further gains in the months to come.
$ETH is stable around $2500
Next target: $4000 pic.twitter.com/WIyStzDmCE
— Crypto Yoddha (@CryptoYoddha) May 26, 2025
Can ETH Price Maintain Momentum to Reach $3,500 and Higher?
The Ether price has seen a slight recovery, trading at $2,639. The cryptocurrency has soared by 3% in the past 24-hours.
The RSI, an indicator, indicates there’s ongoing bullish activity since it closely holds above 68, which tells us buying activity is strong but starting to go above normal.
While the MACD line keeps rising above the signal line, they are getting closer together, so investors should still be cautious, even if they hope prices will increase.
Should the bull market sustain, ETH might encounter resistance at $3,000 and $3,500 in the next few weeks. If the Ethereum price falls below $2,300, support may be found near the price of $2,000.
