Ethereum (ETH) is showing strong resilience, maintaining above $2,700 today, outperforming Bitcoin in recent weeks, according to trusted editorial content reviewed by industry experts. One crypto analyst predicts a potential extension of the upward trend, possibly leading to a new all-time high in the current bull market cycle.
Venturefounder, a crypto analyst and investor, foresees ETH reaching unprecedented levels by next year, driven by crucial factors and momentum signals on the monthly chart. A key factor is the potential shift of the $4,000 mark into a support level. Since 2017, a massive rising channel has been unfolding, suggesting a multi-year upside move.
The bullish outlook is further supported by a developing bullish crossover by the Moving Average Convergence Divergence (MACD) indicator. Venturefounder believes that if ETH closes this month above $2,500, it will be a pivotal development for price spikes. The completion of the monthly MACD's bullish crossover before May ends will also act as a launchpad for positive price movements.
Combining a monthly close above $2,500 and the MACD bullish crossover, Ethereum is expected to rally to $4,000. If ETH turns the $4,000 resistance into support by Q4 of this year, Venturefounder is confident about a rally to a new all-time high of $10,000 by 2026. In a bearish scenario, ETH's price may oscillate between $1,400 and $4,000.
Crypto expert Merlijn The Trader also forecasts a significant upward move to a new peak, noting Ethereum's aligning performance with Bitcoin. In the previous cycle, ETH and BTC surged by +234% and +540% respectively after reclaiming their former peak. Melijn predicts a massive price spike beyond the $14,000 milestone by 2026, given BTC's recent move.
This article is based on our author's analysis of materials taken from trusted editorial content, reviewed by leading industry experts and seasoned editors.