Ethereum (ETH) is displaying positive momentum, with a recent increase of approximately 9.9% over the past week. This surge suggests a potential uptrend in the near future.
A key technical indicator, the golden cross, has formed on Ethereum's daily chart. This occurs when the 50-day moving average crosses above the 200-day moving average, often signaling the start of a bullish phase. If this trend continues, ETH could potentially surpass $2,000.
Analysts are observing similar patterns between Ethereum's current market structure and Bitcoin's historical cycles, further reinforcing the optimistic outlook. Some analysts predict targets of $6,000-$8,000 by the end of the year. However, it's important to acknowledge that the cryptocurrency market is volatile, and some analysts are not convinced about the current rally. As of April 25, 2025, the live price of Ethereum is around $1,773.39.